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While I agree these are "wealth creation" mechanisms, what the blog describes is market (economy) inefficiencies that enable arbitrage. So by spotting an ineff
by rootsudo 5y ago
While I agree these are "wealth creation" mechanisms, what the blog describes is market (economy) inefficiencies that enable arbitrage.
So by spotting an inefficiency and exploiting it, you profit.
tl;dr explore and exploit.
- dandare 5y agoYou are wrong in a very classical, meaning half of earthlings believe this misconception. Trade can make both sides richer. Some would say any voluntary trade makes both sides richer, but that depends on your definition of voluntarism and exploitation of someone's weakness. Anyway, for trade that makes both sides really richer in any sense of that word see https://en.wikipedia.org/wiki/Comparative_advantage#Ricardo's_example https://en.wikipedia.org/wiki/Comparative_advantage#Ricardo'...
- rootsudo 5y agoI disagree (again) because knowing something sells for a lower amount in X but sells for higher in Y is classical information arbitrage and opportunity cost.