> but the fact that so-called "smart money" on Wall Street is still buying into that shit baffles me

I will get downvoted for this, but my opinion is this is because the stock market isn’t “real”, it’s just a sentiment consensus machine.

Investors are not limited to looking at just the books.

I’d be more interested in this if Fred didn’t spend his entire existence on saying negative things about Tesla and Elon. They have over 40 billion in cash in the bank. That was supposedly just a made up number as well