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> The majority are not some cartoonish greedy fatcats either; 53% of all stocks are held by the 1% so yes Virginia the MAJORITY are some cartoonish greedy fat
by jeffwask 4y ago
> The majority are not some cartoonish greedy fatcats either;
53% of all stocks are held by the 1% so yes Virginia the MAJORITY are some cartoonish greedy fatcats
- deleted 4y ago[deleted]
- ThrowawayR2 4y agoFAANG and other big tech employees can earn in the top 1-5% annual income and can reach the top 1% net worth, which suggests that likely they're more aligned with the cartoonish greedy fatcats than any other worldview so I can't imagine why you think that would help your argument. Beyond that, while I have met a few individuals that I'd describe as villainous, I'd say the majority whom I suspected of that level of wealth were fairly normal and decent people.
- zeroonetwothree 4y agoI don't care how many stocks the 1% own. I do care that my own investments increase in value. So I want companies to make decisions that benefit shareholders (including me). Just because some rich guy makes $10 million while I make $10,000 doesn't mean I'd rather not make the $10,000.
- sudosysgen 4y agoIf you buy and hold, then a company taking a short term loss to avoid long term consequences is in your interest. If you are a speculative investor, then circumstances are different.