--- [ "Ken Hohhof" <[email protected]> wrote ]:
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Well, Jack Ma is a lot wealthier than he was yesterday.
OK, you’re right, he already created the wealth, he just cashed out. But in
today’s economy, does anyone really create wealth? What is alibaba, a website?
It’s not like he built something tangible. The two drivers of our world
economy – finance and the Internet – are kind of based on fictional creations,
it’s like living in The Matrix. Strangely, these new age creations even take
away wealth that was created in the physical world, like who wants to own
copper phonelines anymore? Brick and mortar stores? CDs and DVDs. Film
photography? Newspapers and books? Even cars, if Uber catches on. The only
physical things people seem to still want are houses and pets and smartphones.
And smartwatches?
From: James Howard via Af
Sent: Friday, September 19, 2014 1:56 PM
To: [email protected]
Subject: Re: [AFMUG] today's a big day on the stock market.....
--- [ James Howard <[email protected]> wrote ]:
-----------------------------------
--------------------------------------------------------------------------------
Does anyone ever make money in the stock market without someone else losing
that same amount of money? Wealth isn’t created in the stock market, it’s
transferred.
From: Af [mailto:[email protected]] On Behalf Of Jason
McKemie via Af
Sent: Friday, September 19, 2014 1:54 PM
To: [email protected]
Subject: Re: [AFMUG] today's a big day on the stock market.....
--- [ Jason McKemie <mailto:[email protected]%3e wrote ]:
-----------------------------------
--------------------------------------------------------------------------------
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