Re:A Response to Paul Graham’s Article on Income Inequality
by rahimnathwani on Saturday January 02, 2016 @06:24PM
(#10828542)
The analogy with poker is a poor one. Poker is a zero-sum game. Capital markets are not zero sum. Capital allocation can create (or destroy) wealth, and the transactions to which you point make that process more efficient. If there were no secondary market for shares, there would less money invested in IPOs and other primary investments.
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