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birb_cromble  21d ago (text post)   1074 thread views

Weekly Finance Thread (without clever alliteration)

A weekly thread to discuss financial matters - from personal all the way up to global.

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I submitted an offer to purchase 100 shares of Spacex as a participant in its IPO through my broker. I'll let you guys know if I get allocated any. The odds are improved by the larger-than-usual allocation to retail for this IPO, of course offset by the interest in this particular IPO.

Spacex is offering 555,555,555 shares for $135 each to raise about $75B.

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A motte is a stone keep on a raised earthwork common in early medieval fortifications. More pertinently, it's an element in a rhetorical move called a "Motte-and-Bailey", originally identified by philosopher Nicholas Shackel. It describes the tendency in discourse for people to move from a controversial but high value claim to a defensible but less exciting one upon any resistance to the former. He likens this to the medieval fortification, where a desirable land (the bailey) is abandoned when in danger for the more easily defended motte. In Shackel's words, "The Motte represents the defensible but undesired propositions to which one retreats when hard pressed."

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