Cover image for The Ponzi factor : the simple truth about investment profits / Tan Liu.
Title:
The Ponzi factor : the simple truth about investment profits / Tan Liu.
Author:
ISBN:
9781976949951
Publication Information:
Delaware : QuantStyle Publishing, c2017.
Physical Description:
159 pages : illustations ; 21 cm.
Abstract:
One of the biggest myths about stocks is the belief that profits from stocks come from the earnings of the underlying companies, and when companies make money, they share the profits with their investors. But the reality is, profits from stocks come from other investors who are buying and selling stocks, and when companies make money, they keep everything. The belief is, stocks represent value in a company. The truth is, stocks are Ponzi assets because investors€́™ profits are dependent on the inflow of money from new investors and no one is obligated to pay the shareholders anything. This is not just another story that will disappear after another bubble bursts. It is an idea that will remain relevant for as long as the stock market exists.
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332.6322 LIU Book Adult General Collection
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Summary

Summary

The stock market is similar to a Ponzi scheme because it is a system where current investor's profits are dependent on the inflow of cash from new investors, and in the absence of cash from new investors, the entire system will collapse.... The truth really is just that simple. Now, some of you are thinking, "But stocks are ownership instruments, some stocks pay dividends, some companies buy back their stock, etc." I know what you're thinking because I used to defend the legitimacy of the stock market with those same misguided ideas we find in textbooks. But, then I thought about it for many years at much deeper levels and the result is The Ponzi Factor; a short readable book that explains the simple truth about the investment system. It doesn't matter if you love stocks or hate them. I just want you to know the truth about how stocks actually work. You can read this book to be a better gambler or read it to avoid the world's biggest scam. Either way, this book is right for you. www.ThePonziFactor.com