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> Even hedge funds aren't zero sum. They receive dividends on the investments they hold which is a return that is not zero sum. Once again, that depends on the
by gnaritas 10y ago
> Even hedge funds aren't zero sum. They receive dividends on the investments they hold which is a return that is not zero sum.
Once again, that depends on the trade, short term trades don't make their money from dividends, but from timing the market.
> Additionally, financial services overall are far from zero sum.
Beside the point, plenty of them are zero-sum-never said they were all zero-sum; that exception exist doesn't change the point that zero-sum vs non-zero-sum is a false dichotomy, the real world is both zero-sum and non-zero-sum, depending on the way the wealth is being generated. It's tiresome watching people continually repeat the incorrect mantra that wealth isn't a zero-sum game when quite often, it is.