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If rich people are this stupid then they deserve to be parted with their cash. If you invest money so mindlessly that you don’t even check what you buy, then n
by juleiie 7mo ago
If rich people are this stupid then they deserve to be parted with their cash.
If you invest money so mindlessly that you don’t even check what you buy, then no legislation in the world will manage to protect you from your own mind
- tombert 7mo agoIt’s not just rich people though. Most people (at least in the US) have their retirements and the like in things like 401ks, tied to some kind of index like the S&P 500. A company doing bullshit to manipulate the stock affects pretty much anyone who uses an index fund or ETF, which is pretty much everyone in the US.
- elictronic 7mo agoYou invest in index funds and etfs so your money averages out and you don’t get impacted by a single companies stupidity.
- tombert 7mo agoNo, the impact is lessened, but there can still be an impact from an individual company's stupidity.
- fsckboy 7mo agoas it has always been, and therefore expected rates of return and risk assessments reflect that. this is precisely what markets and legal systems do. it's naive to imagine that there is a utopia someplace that we are failing to find