4 ms·

> Is it really that different from buying the first iPod, and thinking to yourself, "y'know this is a brand new Apple, I'm putting a few thousand bucks into the

> Is it really that different from buying the first iPod, and thinking to yourself, "y'know this is a brand new Apple, I'm putting a few thousand bucks into their stock"? Yes, the former is just straight up gambling, the latter is investing in a company that makes good products.

omgJustTest 6y ago
Based on the fairness argument of OP, this seems even more dystopian: 1. Buy a 'good product' which only wealthy people can afford 2. Buy stock because exposure to 'good product' implies you could improve your fortune 3. ... hodl 4. Profit 40% of the US can't afford a 400$ emergency. Someone who had arguably more than that has improved their position from hodling... by 400x. [1] https://abcnews.go.com/US/10-americans-struggle-cover-400-emergency-expense-federal/story?id=63253846 https://abcnews.go.com/US/10-americans-struggle-cover-400-em...