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Investors make money because of the money they already had, based on work that other people do. But investment is often (though not universally) considered goo
by thayne 5y ago
Investors make money because of the money they already had, based on work that other people do. But investment is often (though not universally) considered good.
- simonh 5y agoId argue that active investment, seeking out good companies and deploying capital where it can do the most good growing companies and employing people, is valuable work. Passive investment less so, but I think the remedy for that is decently high death duties and inheritance taxes. The more we close loopholes in those the better.
- thayne 5y agoBut often the people who have large amounts of capital pay someone else to actively manage it for them.
- chii 5y ago> Passive investment less so i argue the opposite - most people are not smart enough to know what investment is going to give the highest return. Passively invest means you let the market decide, and spend your time to improve your own worth and output.