3 ms·

When thinking about net worth in equity you have to consider how stocks are valued. He hasn't created the value of that many neurosurgeons, but the market belie

• trickldwn8nxjf 6y ago
  When talking about the market we must also accept that the people involved in those decisions are ideologues not gods, manipulate their messaging for personal gain, and refuse to be held accountable Kind of a trend in society No stock traders opinions should mean all that much to a numerate and emotionally well adjusted person They’re not in charge of anything but evangelism Adam Smith only mentions markets in the context of a labor market. The whole idea is so far removed from what he defined initially, any concept of markets cannot be traced to him and is then just arbitrary rambling from a gut sense it will help one survive Economics as an academic construct is internalized the same as a chase for piousness. It’s so abstracted away from real productivity so as to self sustain it’s mathematical correctness. It’s meaningless in that way to day to day folks