Ok that is neat.
My preferred version:
Well yeah. The market is just an aggregation of sentiment of traders. It hasn’t been a reflection of value in ages.
If by “traders” you mean “the ruling class” then yeah
Can you imagine if shares, were for sharing profits with the best workers of a company?
If shares were for sharing, that would be reflected in the name somehow.
Yeah, I guess so. Well at least I have my Asset.
Be sure to hold onto it tightly as you spread those checks.
Hey, I would like a share of your ass. too, don’t be hoarding that!
They are. Manny companies have share offers or share bonuses with their workers.
Would you like to share some with the class? Cause personally I am tired of bonuses being credits to the company store.
Reminds me of this exquisite Geoff Castellucci cover of Sixteen Tons
It never has been anything but that. “Value” is just a sentiment of a trader. Probably by definition.
It didn’t used to be. When it all first started, before the exchanges and before it got very easy to trade, a share was literally just a portion of the company. Directly tied to its value.
Then we got all “efficient” and fucked it right up.
Shares are still just portions of a company.
What was company value back then? What determined it? Price or value of the company was just what buyer was willing to pay for it. And it still is…
I do believe in bull-markets. I do, I do!
This is just textbook the last 50 years of western SE.
