Hacker News new | past | comments | ask | show | jobs | submit login

That's the fundamental problem. The function of the finance system in a healthy economy is to ensure efficient allocation of capital. Playing poker has a neutral to negative effect on the system.



Well you're the one who used the word poker, so I guess it depends on your definition here...but the financial system somewhat revolves around poker.

Valuations of companies are only important to investors because of the inherent gambling. If you purchase capital at a single valuation that never rises or falls, what's the point? Even an index fund pursues gradual increases over time.

...Or am I building a strawman here? Is this not where you were going?




Join us for AI Startup School this June 16-17 in San Francisco!

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: