+1. Thanks, Chuck. You said it better than I did.
On 09/20/2014 12:11 PM, Chuck McCown via Af wrote:
If you invest in my company, I build it up and sell it for more money
then wealth was indeed created. You got your original investment back
plus a share of the profits. The new owner is happy because they
willingly bought the company. Your customers are happy, etc.
Abstract that one level to stock and the stock market. Who lost money
in the above scenario? One could argue the customers did but they got
fair value for their service, right?
If I invest in your company via a direct paid-in-capital or by buying
debentures or by buying stock it is still an investment. Hopefully
the company will be worth more when I sell my ownership interest.
When I sell for more than I paid, who lost? The new owner of the
stock got fair value.
------------------------------------------------------------------------
*From: *"James Howard via Af" <[email protected]>
*To: *[email protected]
*Sent: *Friday, September 19, 2014 1:56:12 PM
*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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