Investors should blame themselves instead of keeping on blaming the horse that they backed.
It's no secret that running a business is not easy work. Creating a cutting edge business that attempts to disrupt entrenched and trusted businesses which are many times the size is really a David vs Goliath task.
Some do succeed eg Tesla, Amazon. These are the ones people hear about leading people to believe that it is a common occurrence (see survivorship bias).
But among other things, it takes a LOT of good fortune. Many ducks have to line up at the right time and continue to keep on lining up.
Z1P will likely fail. Anybody who was surprised by this does not understand much about business and investing. And even less so about probabilities and managing risk.
All IMO. Don't shoot the messenger.
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16 | 343570 | 2.110 |
Price($) | Vol. | No. |
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