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Stocks are actually way too complex things for the average person to understand, otherwise there would have been no need for Moody's or S&P ratings, just the Am
by rms_returns 11y ago
Stocks are actually way too complex things for the average person to understand, otherwise there would have been no need for Moody's or S&P ratings, just the Amazon/Ebay ratings would have done the job!
However, the "average intellectual" person is evolving and getting tech savvy at an unprecedented rate globally. I am willing to bet that a stock rating system similar to ratings on Amazon/Ebay is not that far in future.
- saryant 11y agoThis has nothing to do with stocks. The role the ratings agencies played in 2008 was about bonds. I also think it's unlikely that bonds see an Amazon-style ratings system when the market for a lot of these specialized products is three pension funds in Dusseldorf. We're talking almost entirely about institutional investors.