Gary Stevenson grew up poor, got rich in the City – then found himself wrestling with depression. Now he says he’s the only person on the left who really understands the British economy – and the people who wield the power
  • lurch (he/him)@sh.itjust.worksEnglish
    0·
    9 days ago

    Then what’s the point of investing?

    It’s basically gambling, getting tiny dividends and getting votes in the shareholders’ meetings.

    That way you could only buy stocks and never sell them.

    No, you can sell them to other gamblers, like trading cards.

    • the_wise_wolf@feddit.orgEnglish
      0·
      9 days ago

      No, it’s not gambling. It’s people coming together in order to build something. And a place where people can sell their stocks is a stock market.

      There are many problems in this world. But there existence of stocks and the fact that they can be traded is not one of them.

      • lurch (he/him)@sh.itjust.worksEnglish
        0·
        9 days ago

        stocks are only sold after the company is up and running. it has nothing to do with building anything. the money raised by the IPO is usually blasted away in top manager fees in the following coupla years.