Re:WeWork lays off 2,400 employees
by chewz on Thursday November 21, 2019 @12:31PM
(#21596771)
Well if you define a market simply as a mechanism of wealth transmission from dumb people to smarter people then I think that Adam Neumann deserves every single cent of 1.7 billion dollars.
[ Parent
| on HN ]
> if you define a market simply as a mechanism of wealth transmission from dumb people to smarter
Who defines a market with that kind of cynical, silly definition? I don't think most of us want that kind of "market". And if that's the only way to make Neumann look good, then maybe the reverse is true.
There is a definition of stock market as a mechanism of wealth transfer from active investors to patient/intelligent investors.
Most of the people are jumping one over the other to lose money as quickly as possible on some fantastical promise of profits. Human nature is like that. Intelligent people made money out of this sentiment since money had been invented.
> There is a definition of stock market as a mechanism of wealth transfer from active investors to patient/intelligent investors.
That's certainly not a definition. Investing is not zero-sum.
> Well if you define a market simply as a mechanism of wealth transmission from dumb people to smarter people...
Does anyone?
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