> A riskless investment in sp500 Just a nitpick, but this isn't the traditional ... | Hacker News

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		gottorf on Dec 4, 2023 \| parent \| context \| favorite \| on: Spotify will reduce total headcount by approximate... > A riskless investment in sp500 Just a nitpick, but this isn't the traditional definition of "riskless", which would be Treasuries. I believe the S&P 500 experiences an average drawdown of 14% in any given year, so it's hardly without risk. You could more accurately say that SPOT has been underperforming "the market", "equities", or "beta".

lotsofpulp on Dec 4, 2023 [–]

It is my tongue-in-cheek way of referring to the belief that the US federal government will ensure the broad market does not stay down for long.

gottorf on Dec 5, 2023 | [–]

That is an absolutely fair point. ;-)

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