You are reading a single comment by @Airhead and its replies.
Click here to read the full conversation.
-
I had an idea that derivatives would come along to muddy the waters.
There are arguments to be made about the second hand market enabling the primary investment but I like my purist intent. I don't like derivatives in general though and they fall into my widening the definition of investment clause.
Airhead
slippers
hurricane_run
There’s a peculiar idea that buying stocks and shares is ‘investing’ though.
The only person who invests is the first person to buy stock in a company. The second-hand market is purely speculative, and its only productive value is in providing an out to the original investor…