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While the stock market may be stupid, it's not a Ponzi scheme. A Ponzi scheme involves a fraudster lying about where the money is going and coming from, and thu
by kaashif 4y ago
While the stock market may be stupid, it's not a Ponzi scheme. A Ponzi scheme involves a fraudster lying about where the money is going and coming from, and thus defrauding people.
If people know what they're buying, and they later really sell it to a willing buyer without lying to them, that's not even any kind of fraud, let alone a Ponzi scheme.
- salawat 4y agoIt's funny, because I have yet to have a company give me access to the entirety of their books to analyze. That's info asymmetry. Ergo, lying. Specifically by omission. So the Ponzi essence is still there.
- JumpCrisscross 4y ago> I have yet to have a company give me access to the entirety of their books to analyze Have you gone to a shareholder meeting? Submitted a question to an earnings call?