On Wednesday, August 14, 2019 at 6:40:02 AM UTC-7, 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.

Jay, investing in an unknown commodity is indeed a bet. Indeed that was the dot-com bust. Why would people invest in companies whose product is information when you don't know what that information is worth?

Are you suggesting that the Chinese have purchased Smithfield Foods, Motorola and GE as a BET?