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>Allocating capital towards the most useful projects is a valuable real world skill It would be if that's what speculation actually did, but it doesn't. Everyt
by CynicusRex 5y ago
>Allocating capital towards the most useful projects is a valuable real world skill
It would be if that's what speculation actually did, but it doesn't. Everything that predominantly boils down to making money with money needs to go.
>but it isn’t as simple as to say everyone working in finance is useless.
Agreed.
- gruez 5y ago>It would be if that's what speculation actually did, but it doesn't. But it does. Speculators influence the price up/down depending on their actions. How much they earn is directly based on how correct their predictions are.