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We're talking about the stock market itself. Not the side effects. What is the stock market from a very essential core stand point? It is people buying paper at

We're talking about the stock market itself. Not the side effects. What is the stock market from a very essential core stand point? It is people buying paper at a lower price and selling it at higher prices. This has side effects both good and bad, but it is clearly fundamentally different from shifting capital to buy a house and more similar to shifting money to gamble it at a casino. That is the key difference. Your list describes the beneficial side effects of a stock market. Opening a casino has beneficial side effects as well. Casinos can revitalize economies and support an entire city. Casinos have benefited Las Vegas and drives the growth of the city. But this is a side effect to what gambling essentially is: a game where money is exchanged and no production of goods takes place. People who study finance study it from a very capitalistic point of view. They worship freedom of choice to sell and buy anything while ignoring the consequences of wealth inequality. Finance is a biased lens. Stop telling me that this isn't finance. Finance doesn't tell you how to examine the stock market with a critical eye, it just tells you how to invest in the stock market, how to manage risk. Almost every guy in finance worships capitalism. I study economics. I don't worship capitalism, nor do I worship the alternatives. I look at it with a critical eye to see what it is from a theoretical perspective. To address your request of whether I "made up" (highly offensive I might add) my theories or got them from a book/class room... I have learned a lot from a man named César A. Hidalgo. He is a Chilean physicist, writer, and entrepreneur. He is an Associate Professor at MIT and the director of the Collective Learning group at The MIT Media Lab. He is mainly responsible for forming my views about the relationship between economics and entropy. He wrote a book on economics.

EliRivers 8y ago
Oh, well, if someone writes a book it must be true! (That's not true, I'm sarcastic; lots of books are utter nonsense and this conversation was simple enough that we can point at direct evidence and first principles - passive-aggressive appeals to authority not needed)
- crimsonalucard 8y ago
  Did you just call me passive aggressive? There is NOTHING of the sort. Your sarcasm if anything is passive aggressive. I met your demand with a more unique source but that doesn't mean I haven't read other books. Now meet your own demands. Point at your "first principles" and lets hope its a book on economics rather then a book on finance. So first principles... do you mean Adam Smith? Keynes? Kuznet? Obviously not Marx or the recent work by Picketty. I'm pretty sure you'll name some book on investing or some other book that teaches you how to get rich while producing zero utility yourself.

EliRivers 8y ago

Oh, well, if someone writes a book it must be true! (That's not true, I'm sarcastic; lots of books are utter nonsense and this conversation was simple enough that we can point at direct evidence and first principles - passive-aggressive appeals to authority not needed)

crimsonalucard 8y ago
Did you just call me passive aggressive? There is NOTHING of the sort. Your sarcasm if anything is passive aggressive. I met your demand with a more unique source but that doesn't mean I haven't read other books. Now meet your own demands. Point at your "first principles" and lets hope its a book on economics rather then a book on finance. So first principles... do you mean Adam Smith? Keynes? Kuznet? Obviously not Marx or the recent work by Picketty. I'm pretty sure you'll name some book on investing or some other book that teaches you how to get rich while producing zero utility yourself.