Stocks *can* be Ponzi schemes but generally speaking companies are expected to make money selling goods and services to customers, and stocks are supposed to represent the future profits from doing so This is... basic shithttps://twitter.com/lopp/status/1309440627461980161 …
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Replying to @arthur_affect
Yeah, but at the same time most of the that profit doesn't go to the people who hold the stocks; even with dividends it takes years before a share has paid for itself (and that's not counting inflation and taxes).
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Replying to @IgneousSigil
Right, there's an understanding that an equity in and of itself is a long-term productive asset, if you want your money back within a defined period of time that's called a bond
12:39 AM - 26 Sep 2020
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