Quantum Fancies & Fiscal Reality

One observes, with a certain weary amusement, the current enthusiasm for quantum computing stocks. Trading at eighty to a hundred times revenue, darling? Really? It’s all frightfully speculative, naturally. One is reminded of a particularly disastrous weekend at Monte Carlo, only with more algorithms and fewer champagne breakfasts.

The truly alarming aspect isn’t the valuation – heaven knows, markets have had flights of fancy before – but the sheer velocity of cash departing the company coffers. And the dilution, naturally. Stock-funded deals are all very well, until one realizes one’s holdings are diminishing at a rate that’s positively alarming. It’s the sort of thing that gives one indigestion, and not the good kind.

One hears whispers of “caution.” A sensible suggestion, wouldn’t you agree? It’s simply that the entire affair feels… exhausting. All this frantic innovation, all this breathless hype. Frankly, it all lands squarely in the “too hard” pile. One prefers investments with a bit more… substance. Something one can actually understand, if you please.

*This analysis was current as of March 9, 2026.

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2026-03-18 20:21