On Wed, 14 Aug 2019 06:39:59 -0700 (PDT), jbeattie
wrote:

On Tuesday, August 13, 2019 at 10:08:24 PM UTC-7, John B. wrote:
On Wed, 14 Aug 2019 03:50:34 -0000 (UTC), news18
wrote:

On Tue, 13 Aug 2019 08:54:02 -0700, Tom Kunich wrote:


You don't invest do you?

There are investments and investments.

If you did you'd have some idea of what the
market is doing lately.

That is not an investment, but largly gambling,


But isn't the stock market essentially you, the share holder, betting
your money that the company would make a profit?

It's more like betting that the stock price will rise or fall unrelated to the book value of a company or its earnings/balance sheet. We know this from the dot-com bust. https://investor.uber.com/news-event...s/default.aspx Gee, just a $5.2 billion loss. Buy Uber!

-- Jay Beattie.

I don't necessarily agree with that as in many cases I was looking for
income, or growth, i.e., dividends from stocks that I had bought.

As for dot-com stocks I have always considered them as proof that the
old saying that the stock market is driven by two emotions - greed
and terror :-) (note that common sense is missing).
--
cheers,

John B.