A few years ago, I set my mind to understanding stock market investing. It had always looked intimidating, but I have a couple of degrees that required me to pass chemistry, physics, and engineering courses - I figured I could learn if I put my mind to it.
What I discovered was that the stock market is mainly hype. For all the formulae and Greek letters that look complex and deter the general public, the emperor is really wearing no clothes.
Stock prices rarely follow fundamental analysis of value, and rather mostly pre-empt news cycles due to insider trading. And technical analysis seems to be a bunch of fortune tellers who think they have discovered Newtonian calculus by drawing tangent lines off cherry picked data.
Furthermore, the entire system supports the enshittification of our economy. When a company is supposed to make MORE profit every quarter rather than just maintain profitability, it leads to lower quality goods and services and worsening work conditions.
A few years ago, I set my mind to understanding stock market investing. It had always looked intimidating, but I have a couple of degrees that required me to pass chemistry, physics, and engineering courses - I figured I could learn if I put my mind to it.
What I discovered was that the stock market is mainly hype. For all the formulae and Greek letters that look complex and deter the general public, the emperor is really wearing no clothes.
Stock prices rarely follow fundamental analysis of value, and rather mostly pre-empt news cycles due to insider trading. And technical analysis seems to be a bunch of fortune tellers who think they have discovered Newtonian calculus by drawing tangent lines off cherry picked data.
Furthermore, the entire system supports the enshittification of our economy. When a company is supposed to make MORE profit every quarter rather than just maintain profitability, it leads to lower quality goods and services and worsening work conditions.