ENGLISH

The Ponzi Factor: The Simple Truth About Investment Profits

By Liu , Tan

Book information

Publisher
QuantStyle Publishing
ISBN
9781976949951, 1976949955
Language
english
Format
AZW3
Filesize
1 MB (1234680 bytes)
Pages
159 pages : illustrations, graphiques ; 21 cm\0
Time added
2020-07-26 19:24:52
Actions (Titres de société);Bourse;InvestissementsPlans;Ponzi schemes;Stock exchanges;Stocks

Description

« One of the biggest myths about stocks is the belief that profits from stocks come from the earnings of the underlying companies, and when companies make money, they share the profits with their investors. But the reality is, profits from stocks come from other investors who are buying and selling stocks, and when companies make money, they keep everything. The belief is, stocks represent value in a company. The truth is, stocks are Ponzi assets because investors' profits are dependent on the inflow of money from new investors and no one is obligated to pay the shareholders anything. This is not just another story that will disappear after another bubble bursts. It is an idea that will remain relevant for as long as the stock market exists. »--

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