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Most investments are Ponzi schemes including all forms of currency. I don't want to get into an argument about the short term investments and liquidity in the m
by sitkack 5y ago
Most investments are Ponzi schemes including all forms of currency. I don't want to get into an argument about the short term investments and liquidity in the markets, bla bla bla. They could be tools, but they end up becoming the ends.
Why?
- prepend 5y agoThis is not true at all as most investments have some intrinsic thing of value. A stock is a predicted stream of future earnings. A Ponzi scheme produces nothing and only survives through new investment. Stocks don’t need future investment as they can just pay out dividends forever based on the companies earnings. Equating these two things seems fraudulent at worst and stupid at best.
- sitkack 5y agoPeople rocking Robin Hood are not investing. Institutional investors are investing. > Equating these two things seems fraudulent at worst and stupid at best. Please.
- deleted 5y ago[deleted]