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Stocks are a big Ponzi scheme too. Most people buying stocks aren’t interested in buying cash flow like stocks were meant to provide. People want capital gains.
by tippytippytango 5y ago
Stocks are a big Ponzi scheme too. Most people buying stocks aren’t interested in buying cash flow like stocks were meant to provide. People want capital gains. You only get capital gains when there’s a greater fool.
I’m not against owning stocks. I’m just as concentrated as you. But, let’s not confuse luck and genius. We are just hoping to be the one that gets out before the music stops.
- eldaisfish 5y agoPlease don’t “both sides” this. Stocks are not a Ponzi scheme because funds from early investors are not flowing to fresh investors. There is the actual value created by a company together with its future prospects and assets that combine to determine a stock price. Crypto meanwhile has the backing of whom and what assets?
- intotheabyss 5y agoThat's strange. I own crypto assets that are also capital assets and I receive fees based on transaction volumes and loans. Seems like there's real value there.
- broighbrobroigh 5y agoActual value is a true Scotsman.