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Addiction Markets

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383 points toomuchtodo | 2 comments | | HN request time: 0.426s | source
1. mlrtime ◴[] No.45780933[source]
Because most people cannot define the difference between investing and gambling.

Also the stock market is NOT 0-sum. A buyer and seller can both "win".

replies(1): >>45786547 #
2. nicce ◴[] No.45786547[source]
> Also the stock market is NOT 0-sum. A buyer and seller can both "win".

If you look the whole lifetime of the stock and all owners and their transactions, it is close to zero-sum. Company can get more wealth by selling which is the exception and your argument. But for average retail-trader it is zero-sum game.