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If they sold the stock, it would just be passing the loss onto the new buyers. In the grand scheme of things it would not reduce the net amount of suffering, bu
by hasmanean 5y ago
If they sold the stock, it would just be passing the loss onto the new buyers. In the grand scheme of things it would not reduce the net amount of suffering, but only transfer it to someone else.
- pavlov 5y agoIt’s not the same. The seller in this case is someone who worked for the company for years and received the shares as compensation. The buyer is probably a fund or a speculator. Startup employees should never feel bad about selling their stock. The opportunity is rare enough.
- gunapologist99 5y agoAgreed. Many "obvious" things are only obvious in hindsight.