· 个股论点
关于$VCX的警告。 这是一只权重偏向Anthropic、Databricks、OpenAI、Anduril和SpaceX的热门ETF。 问问你自己：SpaceX的估值是$META的23倍，合理吗？ 该股本月上涨1288%：VCX目前交易价格约为其NAV的20倍。也就是说存在1500-2000%的溢价？ 这就相当于以34万亿美元的价格买入SpaceX。或以16万亿美元买入OpenAI。 你会做空它吗？ 不能：它的流通股极少，且缺乏对冲工具。 但你应该买入吗？ $VCX现在看起来就是"博傻理论"的典型案例，你只是在玩接鼓传花的游戏。
Warning about $VCX. A very popular ETF with weighting toward (Anthropic, Databricks, OpenAI, Anduril, and SpaceX). Ask yourself this: Is SpaceX is worth 23 times $META valuation? With the stock going up 1288% this month: VCX is trading at roughly ~20x its NAV. So 1500-2000% premium? This is like buying SpaceX at 34 Trillion USD. Or OpenAI at 16 Trillion USD. Would you short it? No: It's extremely low float and lack of options for hedging. But should you buy into it? $VCX looks like greater fools theory right now and you’re playing hot potato.