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  • I guess my quibble is more that we casually call it “investing”, rather than something else entirely. Not that it’s not useful, or anything like that.

  • I think on most people’s definition of “investing” it is investing, though. And that kind of makes sense - from the ‘investor’s’ perspective, why should my activity have a different name if they buy the shares from one person as opposed to another? They’re still doing the same thing

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