5 ms·

What assets and performance metrics do you have backing this account worth $100000? From what are you deriving its value? What rights and privileges are granted

What assets and performance metrics do you have backing this account worth $100000? From what are you deriving its value? What rights and privileges are granted over your bank by owning a portion of this account?

tablespoon 5y ago
> What assets and performance metrics do you have backing this account worth $100000? From what are you deriving its value? I'm a multi-millionaire and successful businessman, but what does that matter? You can't take the money out regardless if it's backed by anything or not. > What rights and privileges are granted over your bank by owning a portion of this account? You get to vote in a meaningless election.
- JohnPrine 5y ago
  If you granted me ownership of the account and then denied me access, I could take you to court. Stock ownership is a legal agreement. If the leadership of the corporation doesn't act in the shareholders' best interest, they'll be replaced with someone who does. Stock markets have worked for 400 years. Don't you think that makes it less likely that they're ponzi schemes?
  - tablespoon 5y ago
    > If you granted me ownership of the account and then denied me access, I could take you to court. Stock ownership is a legal agreement. Legal agreements can take many forms, and the legal agreement for the account says no withdrawals ever. When you have ownership of a share of stock, you're also denied access to the underlying assets. If you buy one share of Microsoft, can you take them to court to demand access to that share's worth of assets?
    - chii 5y ago
      > demand access to that share's worth of assets? if you owed me some money, can i chop up a part of your kidney to sell? the ridiculous notion that you are entitled to use or own an asset directly partially just because you own the shares partially is a misunderstanding of the legal structure of share ownership. You do not own any assets of the underlying company of the shares you hold. You merely own the company itself. It's like trying to claim a piece of america (or your country) because you are a citizen of that country.
  - defaultprimate 5y ago
    While I, and I'm sure several others have appreciated your point, it's lost on the person you're responding to. It's a fruitless endeavor. They clearly have no understanding of economics or investment finance.

tablespoon 5y ago

> What assets and performance metrics do you have backing this account worth $100000? From what are you deriving its value? I'm a multi-millionaire and successful businessman, but what does that matter? You can't take the money out regardless if it's backed by anything or not. > What rights and privileges are granted over your bank by owning a portion of this account? You get to vote in a meaningless election.

JohnPrine 5y ago
If you granted me ownership of the account and then denied me access, I could take you to court. Stock ownership is a legal agreement. If the leadership of the corporation doesn't act in the shareholders' best interest, they'll be replaced with someone who does. Stock markets have worked for 400 years. Don't you think that makes it less likely that they're ponzi schemes?
- tablespoon 5y ago
  > If you granted me ownership of the account and then denied me access, I could take you to court. Stock ownership is a legal agreement. Legal agreements can take many forms, and the legal agreement for the account says no withdrawals ever. When you have ownership of a share of stock, you're also denied access to the underlying assets. If you buy one share of Microsoft, can you take them to court to demand access to that share's worth of assets?
  - chii 5y ago
    > demand access to that share's worth of assets? if you owed me some money, can i chop up a part of your kidney to sell? the ridiculous notion that you are entitled to use or own an asset directly partially just because you own the shares partially is a misunderstanding of the legal structure of share ownership. You do not own any assets of the underlying company of the shares you hold. You merely own the company itself. It's like trying to claim a piece of america (or your country) because you are a citizen of that country.
- defaultprimate 5y ago
  While I, and I'm sure several others have appreciated your point, it's lost on the person you're responding to. It's a fruitless endeavor. They clearly have no understanding of economics or investment finance.