3 ms·
>but even so it is amazing how detached stock brokerage is from investment and how close it is from gambling. Funny, I reach the exact opposite conclusion: peo
by forgetsusername 11y ago
>but even so it is amazing how detached stock brokerage is from investment and how close it is from gambling.
Funny, I reach the exact opposite conclusion: people were willing to pay a specific price for Apple dependent on the expectations of future earnings. Those earnings didn't meet expectations, therefore the market adjusted the price. Working as intended.