The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

Wall Street is a Ponzi Scheme

The Entrepreneur's Forum for learning how to build wealth and financial freedom the Fastlane way!

Say "NO" to mediocre living rife with jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence. Join our forum with more than 70,000 entrepreneurs who are making it happen.
Join for FREE Today
Get the books
Remove ads? Join Fastlane INSIDERS
(Registration removes this block)

Kak

Legendary Contributor
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jan 23, 2011
8,603
38,323
Texas
By his definition of a Ponzi scheme... Every facet of commerce would be a Ponzi scheme. Including currency itself.

As entrepreneurs we know that something is worth EXACTLY what someone is willing to pay for it. Nothing more. Nothing less. Utility, profitability, scarcity change these perceptions of intrinsic value, but not intrinsic value itself.

The fact that dividends aren't present in some stocks doesn't change that fact. Some companies, like Apple recently, returned money to the investors via a buyback. How? They basically pulled shares off the market making less outstanding shares represent the perceived market value for Apple.

Now he raises a decent point about liquidity. You couldn't have the entire stock market sell today and get all 30 trillion out. It's impossible because in order to sell, someone has to buy.

I do think an investor should understand that before getting into the markets, but it's still an investment, not a ponzi scheme.
 
Last edited:

Pittman09

Contributor
Read Fastlane!
Read Unscripted!
May 14, 2016
19
27
Canada
By his definition of a Ponzi scheme... Every facet of commerce would be a Ponzi scheme. Including currency itself.

As entrepreneurs we know that something is worth EXACTLY what someone is willing to pay for it. Nothing more. Nothing less. Utility, profitability, scarcity change these perceptions of intrinsic value, but not intrinsic value itself.

The fact that dividends aren't present in some stocks doesn't change that fact. Some companies, like Apple recently, returned money to the investors via a buyback. How? They basically pulled shares off the market making less outstanding shares represent the perceived market value for Apple.

Now he raises a decent point about liquidity. You couldn't have the entire stock market sell today and get all 30 trillion out. It's impossible because in order to sell, someone has to buy.

I do think an investor should understand that before getting into the markets, but it's still an investment, not a ponzi scheme.

Good point. I'm not saying I agree with everything he said, I just titled the thread after the title of the video, but I figured it was worth sharing here as he did bring up some solid points.
 

Kak

Legendary Contributor
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Jan 23, 2011
8,603
38,323
Texas
Good point. I'm not saying I agree with everything he said, I just titled the thread after the title of the video, but I figured it was worth sharing here as he did bring up some solid points.

Very interesting and thought provoking to say the least.
 
Don't like ads? Remove them while supporting the forum: Subscribe to Fastlane Insiders.

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Must Read Books...

Explore books recommended by MJ DeMarco and other members of the Fastlane entrepreneurial community.
Fastlane Bookstore
Top