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this post was submitted on 07 Jun 2026
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Don't be so smug. The intended victims of this IPO are passive investors who aren't trying to time the market and are just long-term holding index funds for retirement. That's exactly who Musk is planning to rob. If you're taking the typical low-cost index fund strategy, you will be giving approximately 1% of your life savings to Elon Musk.
Not trying to be smug, just pointing out that a system that encourages self selection will tend to select for self belief, justified or not.