Here’s our point of disagreement: I think smart people have made a bet in this with serious intent after considering all the pitfalls. You think they are either deliberately ignoring it (so ridiculous) or they are betting on a scientific breakthrough.

It’s too comical to even address the “they are ignoring it part” so I’ll ignore it.

I would agree with you that part of their bet might involve hoping for breakthroughs and the investment analysis probably factored it in.

Lots of earlier investments have banked on breakthroughs like this.

Also your opinion on how markets work is naive and unscientific.