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> Stocks prices are in large part dictated by corporate profits I've also worked for a company with negative profits and a positive stock price which is also o
by hotpotamus 4y ago
> Stocks prices are in large part dictated by corporate profits
I've also worked for a company with negative profits and a positive stock price which is also one of those things that tends to confuse me. (I'm aware that I'm pretty obtuse, but it's not all an act - I really don't get how much of the modern economy works.) I understand that the expectation is that profits will turn positive/grow over time, but that would seem to require the ability to accurately forecast the future, which seems problematic.
Way too much of the modern economy looks to me like the South Park "Underwear Gnomes" model which you see memeified sometimes - the step 1: steal underpants, step 2: ?, step 3: profit, thing.