67 sats \ 4 replies \ @JuanMiguel 4 Jun \ on: People who bought Berkshire cheap have their trades undone. econ
Only retards still invest(gamble) in stocks.
I agree, except for the elite, who's gains are private and who's losses are socialized. They're not really taking a chance.
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Equity markets are the foundation of capitalism as we know it.
Would we still have smartphones if not for public companies like Apple and Google?
Stocks represent real businesses.
Bitcoin is money, stocks are investments. Money is used for saving and to facilitate trade, investment is what commits money towards the production of goods.
I wonder if there is a hypothetical, more ancap future, where equity markets are taken outside of the purview of the state.
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Owning stocks is the same as owning any business. Even under a Bitcoin standard your local italian restaurant 🏬 would be owned by someone, every factory would be owned by someone 🏭.
It's not inherently gambling, it's doing business. Of course you can gamble if you want - and I don't even think gambling is a bad thing - what's wrong with having fun at the roulette 🎲 table?
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Most businesses fail. Very high risk.
I love gambling whether it’s sports, casinos or stocks.
Baccarat is my favorite casino game.
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