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Sure, and I never said the stock price and innovation are inversely correlated, but I have a feeling that it's a very reasonable idea that optimizing for stock
by coltonv 8y ago
Sure, and I never said the stock price and innovation are inversely correlated, but I have a feeling that it's a very reasonable idea that optimizing for stock price based on speculation in the free market is an imperfect way to encourage productivity and innovation, and it's worth discussing how the economy could be restructured in a way that did so more perfectly than stock prices.
I don't know what that system would be, and I'm not going to come here and say it's time for a socialist revolution, but perhaps we could make a better free market and we'd all be better off without speculated stock prices being our primary source of motivation.
- WalterBright 8y ago> speculated stock prices Speculation drives stock prices to where they ought to be. The whole point is to look for overvalued and undervalued stocks.