Valuation of companies tied to their real current profits! If a company is unprofitable now, it doesn't make sense and is wholly wrong that its stock is trading 1000x more than other companies which actually turn a profit.

The difference from public ownership to public gambling is huge in its impact to society, especially when the markets crashes.

So rather that someone auto-investing a slice of their paycheck into a s&p fund in their 401k, they should instead learn how to evaluate company financials so they can pick winners from a non tax advantaged account?

This is a losing strategy for the large majority, and it's been demonstrated repeatedly that even professional investors can't beat the market especially after considering fees.

https://www.investopedia.com/articles/investing/030916/buffe...

Shorts om the ponzian pyramids.

The market can stay Irrational longer than you can stay solvent