>>This is incorrect. Stock represents actual ownership of a scarce resource (a company). He's referring to the grandparent comment's definition, not yours. The

>>This is incorrect. Stock represents actual ownership of a scarce resource (a company). He's referring to the grandparent comment's definition, not yours. The GP's definition is: >>Early adopters mine or buy large proportions at negligible prices while late adopters mine or buy negligible proportions at large prices. By that definition, anything that goes up in value is a "multi-level marketing pyramid scheme".