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I think the stock market is pure evil. The only way companies can reach a high valuation is by either becoming monopolies, or convincing the investors they can
by torginus 2y ago
I think the stock market is pure evil. The only way companies can reach a high valuation is by either becoming monopolies, or convincing the investors they can become one.
This leads to all sorts of anticompetitive behaviors on their part.
- Animats 2y agoThe stock market is not pure evil. Private equity (which usually means the same thing as a leveraged buyout) is mostly evil. Hedge funds are mostly evil. Crypto, now that's pure evil.