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The difference is the dividend. A stock is a right to vote and a slice of future profits. Stocks are speculation about future profits, which we then build mecha
by Gwypaas 4y ago
The difference is the dividend. A stock is a right to vote and a slice of future profits. Stocks are speculation about future profits, which we then build mechanisms to express optimism or pessimism on.
https://en.wikipedia.org/wiki/Dividend https://en.wikipedia.org/wiki/Dividend
- TimJRobinson 4y agoPlenty of crypto tokens also pay the equivalent of dividends - Ethereum, GMX, Balancer, etc. These come from the profits the platforms make. Almost all tokens give you the right to vote.
- hnbad 4y agoA stock, yes. But futures? Derivatives? There are tons of speculative financial products that don't grant a right to vote and a slice of future profits. "Expressing optimism or pessimism" also doesn't sound very scientific or rational.