2 ms·
If someone sells the stock, someone else buys it. The value is still the net present value of future earnings. This is a redistribution of wealth, not a decimat
by analog31 5mo ago
If someone sells the stock, someone else buys it. The value is still the net present value of future earnings. This is a redistribution of wealth, not a decimation. The wealthy can still earn more if they want to.
- lazide 5mo agoWhen market cap goes down because overall valuation does, what do you think is happening? Valuation hasn’t been tied or related to earnings for top stocks in at least a decade. It isn’t ’wealth redistribution’. Removing half or more of market demand isn’t going to be pretty.