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To: semimojo

In the emoji example You are a million richer, but society isn’t.
Wealth has just moved, not increased.

Stocks are priced by the money they make, not by the wealth they produced.


7 posted on 01/02/2020 12:00:09 PM PST by mrsmith (Dumb sluts (M / F) : Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: mrsmith
Stocks are priced by the money they make, not by the wealth they produced.

Again, what is wealth?

You seem to be saying it's only tangible assets.

If I own stock in Netflix, which only produces entertainment, does that stock asset contribute to my wealth?

8 posted on 01/02/2020 12:06:49 PM PST by semimojo
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