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I guess the intent also matters...like moralism is pretty shaky here i see You can buy AAPL puts months before earnings as insurance....if you buy stocks and b

• tombert 3y ago
  Yeah, I bought Gitlab when it IPO'd because I agreed with what they were doing. I felt they were making a product that's competitive with Github, and also were allowing me to run it myself if I wanted. I thought that was cool, I was glad to see they got big enough to IPO, so I bought a few shares. I've lost about half my investment there, which if I'm being honest does makes me a little sad, of course I would rather have more money than I put in, but at least I think I doing the intent of the stock market. I think that the initial goal of the market was to enable people to invest into companies that they actually believed in, not to buy and sell shares a million times a second, or to buy and sell speculations at the same rate.
  • WalterBright 3y ago
    > not to buy and sell shares a million times a second, or to buy and sell speculations at the same rate What this does is provide liquidity, meaning one can buy and sell at any moment. Contrast this with investing in houses. It's not liquid at all - even in a smooth transaction, it can take a month to close. Houses can sit on the market for months or even years looking for a buyer. The higher the liquidity, also means the more accurate the valuations.