top | item 39055435

(no title)

MrPatan | 2 years ago

The market, made up of a lot of people, seems to think the richest man in the world is pretty valuable.

A subset of people around here don't think that way. Why? I have my own opinion, not very flattering.

discuss

order

coldpie|2 years ago

> The market, made up of a lot of people, seems to think the richest man in the world is pretty valuable.

By the same logic, our biology must think cancer is pretty valuable because of how many resources it dedicates to feeding cancerous cells. Wealth and value are not correlated.

blihp|2 years ago

When you really analyze at how many/most of the richest people in the world got so rich, they tended to extract (i.e. more parasitic) much of the value rather than create (i.e. more symbiotic) it. They have also often done so at the direct expense of others simply so they could have more... when they already had much more than they could ever use. Our economic system allows for this, but to praise these folks for much of what they did leaves a bad taste.

azemetre|2 years ago

Care to share your opinion? I’m curious.

cogman10|2 years ago

I honestly don't follow your line of thinking.

How is the market saying that the richest man is pretty valuable? Because the richest man owns a significant number of shares in a company the market deems as valuable?