• hh93@lemm.ee
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    1 year ago

    If you are buying stock in such magnitudes you also have voting power over how the company develops which is no small factor

    If you see two competing companies of which one is doing something that you think is stupid and the other is doing something way better then you should be able to give them money for their development and at the same time have a chance to partake in it.

    It’s just that as a normal person you won’t be fast enough for that since a lot of the potential is already calculated and priced in a second after the announcements.

    Daytrading and betting on huge growth is just gambling - I completely agree. But the kind of long term value investing like for example Buffet is doing has it’s place

    • ydieb@lemmy.world
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      1 year ago

      Yes, betting a larger or smaller amount on something, and to what degree you are invested, both in terms of emotion and percentage of your wealth, does not change the fact that its still gambling.

      But you now also have the additional disgusting allowed custom of that you can just buy up others work. You can be at a workplace, put all your energy into it, then a rich entity can come it and buy it all up and kick you out and/or burn it to the ground. What this entity is compromised of, a single person, many, or another corporation, is not necessarily smarter and just because it has a lot of wealth will not make better decisions.

      I would say its the opposite. The larger an entity is, the more disjoint and the more dumb decisions are made. Working as a software consultant for both small and large corporations. The small dumb ones die out, the large dumb ones survive in spite of their choices, not because of it.

      Authority bias is without awareness affecting any human. The more we recognize it, the more we can keep our ideas grounded.