2 ms·
People say this like it's a bad thing. Look, at a fundamental level, the stock market is a tool for letting people put money into risky ventures without them a
by jrm4 4y ago
People say this like it's a bad thing.
Look, at a fundamental level, the stock market is a tool for letting people put money into risky ventures without them actually experiencing consequences for that risk.
Given the extent to which the nature of information has changed, I'm comfortable no longer letting this be a driver of economic growth. You want to put money in a thing in the hopes of getting more money, fine. But do your homework -- if they screw up, yes, YOU have to pay.
- hcmacro 4y agoOTOH probably gonna be harder for startups and VCs to "pull one over" public investors and dumb management teams.