Re:Coders who trade: Wall Street designs its staff for the f...
by thomastjeffery on Sunday November 19, 2017 @07:05PM
(#15736718)
> It’s literally incorrect that businesses can sustainably provide no value.
That depends entirely on the definition of "value".
If a business exists solely to move money/stock around, that action does not create "value", in the sense that juggling oranges does not create "value".
Trading stocks is an effort to take advantage of the fluctuating relative value each stock has, so that individuals can take home the "profit". Such "profit" is not created, but sifted out of the economy. Is that 100% worthless? No, but it's darn close.
That depends entirely on the definition of "value".
If a business exists solely to move money/stock around, that action does not create "value", in the sense that juggling oranges does not create "value".
Trading stocks is an effort to take advantage of the fluctuating relative value each stock has, so that individuals can take home the "profit". Such "profit" is not created, but sifted out of the economy. Is that 100% worthless? No, but it's darn close.