3 ms·
I really don't grok stockmarket even though I participate in it (mostly passively). As an almost outsider, it looks like a self-referential make-believe game. Y
by reinhardt 11y ago
I really don't grok stockmarket even though I participate in it (mostly passively). As an almost outsider, it looks like a self-referential make-believe game. You are rewarded (or punished) for predicting not some objective aspect of reality but for what most others (aka "the market") believe/think/feel about the reality. It's very bizarre.
- lmm 11y agoYou can always buy and hold and get your dividends; there are plenty of "boring" companies where the valuation is much less speculative. The newsworthy companies like Twitter are the ones where it's much more uncertain; no-one knows what kind of dividends Twitter is likely to pay in the future. But that's not the majority of the market.