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To others who replied: why the dogpile? -12? known's being civil.
by daniel-cussen 18y ago
To others who replied: why the dogpile? -12? known's being civil.
- kragen 18y agoThe downmodded poster is civilly proposing that we essentially outlaw speculative public investments — those in companies that don't yet have significant revenue. Under the policy suggested (price to yearly revenue of no more than 8×), the Industrial Revolution would not have happened, nor would the semiconductor revolution or the software industry. Furthermore, their policy would periodically prohibit trading in any companies that had large revenue volatility — except at fire-sale prices. You can make an argument that these are desirable social aims, or at least they are drawbacks that are worth the costs, but the poster has not attempted to make such a case. Consequently others assume that they don't know what they're talking about, or that they're deliberately proposing a dumb idea in order to get reactions ("trolling").