Stock might be positive-sum game. I mean we as humanity no longer live in caves, so clearly some value got generated and accumulated over ages via new technology and engineering.
I think the idea is "You find some $COMPANY that has potential to improve lives of many people and get good profits while doing that. You invest your money in that company. $COMPANY uses that money to deliver their product. You get your share of the profit as company generated value to humanity".
Of course the speculative component in the stock market is zero-sum (or negative-sum if you consider broker fees), but the 'find-and-fund high-potential companies' might be positive-sum.
Stock might be positive-sum game. I mean we as humanity no longer live in caves, so clearly some value got generated and accumulated over ages via new technology and engineering.
I think the idea is "You find some $COMPANY that has potential to improve lives of many people and get good profits while doing that. You invest your money in that company. $COMPANY uses that money to deliver their product. You get your share of the profit as company generated value to humanity".
Of course the speculative component in the stock market is zero-sum (or negative-sum if you consider broker fees), but the 'find-and-fund high-potential companies' might be positive-sum.