Comment on How is the Stock Market keeping it's value after *points to everything*?

OldManBOMBIN@lemmy.world ⁨2⁩ ⁨days⁩ ago

• OldManBOMBIN@lemmy.world ⁨2⁩ ⁨days⁩ ago

  To expand: the economy runs on many fuels. Progress, yes. But also blood.

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  • SpaceNoodle@lemmy.world ⁨2⁩ ⁨days⁩ ago

    The progress is also made of blood

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    • TheReturnOfPEB@reddthat.com ⁨2⁩ ⁨days⁩ ago

      Have we checked inside the billionaires to see what they are made of ?

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      • db2@lemmy.world ⁨2⁩ ⁨days⁩ ago

        I hear they’re full of candy, like a fat bloated piñata.

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    • pennomi@lemmy.world ⁨2⁩ ⁨days⁩ ago

      Blood from crushed orphans is up 300% this year! 📈

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• shalafi@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Much stock value is artificial, but these companies still have infrastructure, brands and products.

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  • OldManBOMBIN@lemmy.world ⁨2⁩ ⁨days⁩ ago

    And these things are truly worth a fraction of their assigned value - and no value at all to those who aren’t interested in them. The plumbing inside Microsoft is worthless to me except to maybe make a bong, but it’s worth billions to the company that requires them.

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  • technocrit@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    these companies still have infrastructure, brands and products.

    And you assume this has intrinsic value? Brands and products?

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    • Septimaeus@infosec.pub ⁨2⁩ ⁨days⁩ ago

      And you assume this has intrinsic value?

      I assume they’re making a point about hard assets versus pure speculation, like comparing real estate to crypto coins, since only markets based on pure speculation nose-dive at the first bad omen.

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    • shalafi@lemmy.world ⁨1⁩ ⁨day⁩ ago

      If you woke up tomorrow and had full rights to the name Coca Cola™, would that not be of extreme value to you? Of course it doesn’t have the intrinsic value of a gold brick, but it’s still valuable and stock fluctuations won’t change that fact.

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