We recently compiled a list of the 10 Firms Suffer Steep Downfall on Monday. In this article, we are going to take a look at where Reddit, Inc. (NYSE:RDDT) stands against the other stocks. Ten companies kicked off Monday’s trading in a bloodbath, mirroring the broader market pessimism, with valuations slashed by double digits mostly due […]
It’s gambling. Highly complicated strategies exists, but at the end, it’s gambling. And somehow we’ve let ourselves get convinced that’s the way the world should be run
Basically any way of making an income has risk, but we don’t consider most such things gambling. Even a fixed-income investment is gambling, since the value of the dollar can fluctuate randomly. What concerns me about the stock market is not its randomness but rather its reliability in outpacing inflation. It seems from a bird’s-eye view like a mechanism which is almost guaranteed to concentrate wealth into those who already have it. Surely that wealth must come from somewhere?
I think I need to learn macroeconomics.