Mark Cuban, Is the Stock Market Still for Suckers? [View article]
The stock market is not a ponzi scheme because what is being bought has inherent value, completely divorced from the stock exchange. Philosophically, one might question the idea of 'inherent value', since we can't be sure that other people will continue to find value in owning an oz. of gold, a parcel of land, or partial ownership of a company. But realistically, the odds of any of those things being considered valueless by the society we live in are pretty much nil. As long as there are people who want to own money-making businesses, there will be money in the stock market.
Mark Cuban, Is the Stock Market Still for Suckers? [View article]
Philosophically, one might question the idea of 'inherent value', since we can't be sure that other people will continue to find value in owning an oz. of gold, a parcel of land, or partial ownership of a company. But realistically, the odds of any of those things being considered valueless by the society we live in are pretty much nil.
As long as there are people who want to own money-making businesses, there will be money in the stock market.