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Originally Posted by freebeard
Originally, the stock market was a mechanism to unload risk onto small investors.
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Sure, but it also shared profit with those small investors, and so provided access to far more capital than could be supplied by a handful of extremely wealthy people.
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But then, derivatives markets emerged and now people sit around and bet on whether someone will eventually lift a finger.
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People play poker, buy lottery tickets, and bet on horse races. But sensible investors don't put their money on them, or in the derivatives markets.