4 ms·
Yeah this is a perfect description. I find that it's really rare to find someone who sees it this way. The stock market is basically one big ponzi scheme that w
by wilkommen 5y ago
Yeah this is a perfect description. I find that it's really rare to find someone who sees it this way. The stock market is basically one big ponzi scheme that we're all bought into, which has two consequences: 1. We're never going to let it fail no matter what 2. Most of us are going to be unwilling to see that it's a ponzi scheme, leading to a lot of "religious thinking" about the whole thing justifying and attempting to rationalize and legitimize the way the "system" works. I would really like to find a respected and articulate authority who is has written a book or something about this, cause it feels weird to me seeing the whole system this way with so few people I've ever met agreeing with me, and none of them well known people.