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You may believe it has no utility, but the stock market was a great invention in finance, and no country has been able to economically prosper without one ever
by skookumchuck 8y ago
You may believe it has no utility, but the stock market was a great invention in finance, and no country has been able to economically prosper without one ever since.
- crimsonalucard 8y agoI shouldn't say absolutely no utility. I mean to say after an IPO every transaction or trade of a stock share generates ZERO utility. Here's a picture of a country that has no stock market that prospers: https://upload.wikimedia.org/wikipedia/commons/thumb/4/48/Vista_de_M%C3%B3naco%2C_2016-06-23%2C_DD_13.jpg/1920px-Vista_de_M%C3%B3naco%2C_2016-06-23%2C_DD_13.jpg?1534579849677 https://upload.wikimedia.org/wikipedia/commons/thumb/4/48/Vi...
- skookumchuck 8y agoDo you believe the companies operating in Monaco are not traded on a stock exchange?
- crimsonalucard 8y agoThe country itself has no stock exchange.