> 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.
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.
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?
coldpie|2 years ago
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
azemetre|2 years ago
cogman10|2 years ago
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?