• America hits bottom?: New York Stock Exchange to be sold
    67 replies, posted
I'm a bit dumb when it comes to topics like these. Is this a good thing or a bad thing?
[QUOTE=Pvt. Martin;38919137]I'm a bit dumb when it comes to topics like these. Is this a good thing or a bad thing?[/QUOTE] Truthfully neither, really. It's a great time to buy, terrible time to sell
But I already sacrificed my wallet to great lord savier Gabe Newell.
What part of it being sold to an "Atlanta based" company did everyone miss?
[QUOTE=IPK;38919033]Next events that will start the collapse of the USA: >America goes theocratic because idiot bribed voters. Vatican is part of USA >USA invades Canada >USA conquers Canada >USA invades Mexico >All the south American nations unite to create the South American Federation(SAF) >USA conquers Mexico >USA continues to conquer until they reach the border with the SAF >USA invades SAF >Catastrophic failure,SAF counter attacks and destroys many USA colonies in central America. >Massive rebellion in the USA >Rebels destroyed >Middle east calms the fuck down and unites >Massive invasion of United Arab States(UAS) >Vatican destroyed by Italy's Forces >USA cannot war with SAF,UAS and Italy,but they disregard this. >Second revolution in the USA >Another failed revolution >Serbia allies with Greece and Bulgaria >Serbia and allies invade Kosovo >Albania is angry >Albania is destroyed >Balkan nations unite to create United Countries Of The Balkan Peninsula(UCOTBP) >UCOTBP doesn't want Turkey in Europe. >Turkey gives the UCOTB the part. >Europe slowly turns into communism >Asia slowly turns communist >Africa slowly turns communist >All unite under the name of United Socialist Federation Of Eurafrasia(USFOE) >SAF joins the USFOE,now named International Socialist Federation(ISF) >USA is completely annihilated by the ISF >ISF is whole world,world peace guaranteed[/QUOTE] Like where the fuck did you come up with this? Also in relation to the topic, I thought the title was a joke at first, I had no idea that the NYSE was something that could be sold (Well parent company, but same general idea). Shows how uneducated I am in the matter.
[QUOTE=Mike42012;38918898]It's not gambling, guys. Try gambling on the stock market, you lose everything.[/QUOTE] Try gambling on [I]anything[/I], tell me how much money you make and what the average take is. [editline]21st December 2012[/editline] If it involves picking an outcome among several uncertain possibilities to make something of worth, it's gambling. You might be good at it, some of us can count cards too. Doesn't make it not gambling, it makes you a less shitty gambler.
[QUOTE=IPK;38919033]Next events that will start the collapse of the USA: >America goes theocratic because idiot bribed voters. Vatican is part of USA >USA invades Canada >USA conquers Canada >USA invades Mexico >All the south American nations unite to create the South American Federation(SAF) >USA conquers Mexico >USA continues to conquer until they reach the border with the SAF >USA invades SAF >Catastrophic failure,SAF counter attacks and destroys many USA colonies in central America. >Massive rebellion in the USA >Rebels destroyed >Middle east calms the fuck down and unites >Massive invasion of United Arab States(UAS) >Vatican destroyed by Italy's Forces >USA cannot war with SAF,UAS and Italy,but they disregard this. >Second revolution in the USA >Another failed revolution >Serbia allies with Greece and Bulgaria >Serbia and allies invade Kosovo >Albania is angry >Albania is destroyed >Balkan nations unite to create United Countries Of The Balkan Peninsula(UCOTBP) >UCOTBP doesn't want Turkey in Europe. >Turkey gives the UCOTB the part. >Europe slowly turns into communism >Asia slowly turns communist >Africa slowly turns communist >All unite under the name of United Socialist Federation Of Eurafrasia(USFOE) >SAF joins the USFOE,now named International Socialist Federation(ISF) >USA is completely annihilated by the ISF >ISF is whole world,world peace guaranteed[/QUOTE] Very interesting, you should make a WW3 video and upload it to Youtube. I'm sure it will receive very good feedback. [sp] sarcasm [/sp]
[QUOTE=Xenocidebot;38919317]Try gambling on [I]anything[/I], tell me how much money you make and what the average take is. [editline]21st December 2012[/editline] If it involves picking an outcome among several uncertain possibilities to make something of worth, it's gambling. You might be good at it, some of us can count cards too. Doesn't make it not gambling, it makes you a less shitty gambler.[/QUOTE] Ignorning the whole bit about analysis of companies, their assets, liabilities, and risks. You can make money if you know when stocks are under/over valued. It's not like a casino, Warren Buffet wasn't just the luckiest man in the room. I think jealousy plays a big role in this whole "I find it disgusting!" sentiment that's been trending in this thread.
[QUOTE=BMCHa;38919245]What part of it being sold to an "Atlanta based" company did everyone miss?[/QUOTE] Only one person suggested it wasn't and he was making a Romney joke.
[QUOTE=Xenocidebot;38919317]Try gambling on [I]anything[/I], tell me how much money you make and what the average take is. [editline]21st December 2012[/editline] If it involves picking an outcome among several uncertain possibilities to make something of worth, it's gambling. You might be good at it, some of us can count cards too. Doesn't make it not gambling, it makes you a less shitty gambler.[/QUOTE] Unless the performance of a company is based on the result of drawing cards randomly from a shuffled deck, no. It's not gambling.
[QUOTE=IPK;38919033]Next events that will start the collapse of the USA: >America goes theocratic because idiot bribed voters. Vatican is part of USA >USA invades Canada >USA conquers Canada >USA invades Mexico >All the south American nations unite to create the South American Federation(SAF) >USA conquers Mexico >USA continues to conquer until they reach the border with the SAF >USA invades SAF >Catastrophic failure,SAF counter attacks and destroys many USA colonies in central America. >Massive rebellion in the USA >Rebels destroyed >Middle east calms the fuck down and unites >Massive invasion of United Arab States(UAS) >Vatican destroyed by Italy's Forces >USA cannot war with SAF,UAS and Italy,but they disregard this. >Second revolution in the USA >Another failed revolution >Serbia allies with Greece and Bulgaria >Serbia and allies invade Kosovo >Albania is angry >Albania is destroyed >Balkan nations unite to create United Countries Of The Balkan Peninsula(UCOTBP) >UCOTBP doesn't want Turkey in Europe. >Turkey gives the UCOTB the part. >Europe slowly turns into communism >Asia slowly turns communist >Africa slowly turns communist >All unite under the name of United Socialist Federation Of Eurafrasia(USFOE) >SAF joins the USFOE,now named International Socialist Federation(ISF) >USA is completely annihilated by the ISF >ISF is whole world,world peace guaranteed[/QUOTE] Looks like your average Grand Strategy game session :v:
[QUOTE=RinVII;38919444]Ignorning the whole bit about analysis of companies, their assets, liabilities, and risks.[/QUOTE] No. Again, you're completely ignorant of how gambling works if you think effort cannot make it profitable for [I]some.[/I] Otherwise casinos would not be a thing. [QUOTE=RinVII;38919444]I think jealousy plays a big role in this whole "I find it disgusting!" sentiment that's been trending in this thread.[/QUOTE] I'm fairly certain it's actual disgust, and I say that as an investor. [editline]21st December 2012[/editline] [QUOTE=Headhumpy;38919473]Unless the performance of a company is based on the result of drawing cards randomly from a shuffled deck, no. It's not gambling.[/QUOTE] Apparently betting on horse races is not gambling. In other news, you're not putting a modicum of thought into your posts.
[QUOTE=Elecbullet;38918352]... Which is the part that disgusts me.[/QUOTE] thinking is effort too
[QUOTE=Xenocidebot;38919920] Apparently betting on horse races is not gambling. In other news, you're not putting a modicum of thought into your posts.[/QUOTE] The key difference between gambling and investing is that in gambling, money does not grow. The winner simply profits from the losses of others. In investing, money grows. You invest money in a company and that company, through the act of providing goods and/or services, profits. This profit is then divested to you, as an investor. You are the one not thinking before you post. [editline]21st December 2012[/editline] This is getting off-topic, I realise. Back on topic, title is a bit misleading. NYSE itself isn't being sold. Only the company operating it is being sold. Which, as stated before, is hardly news.
[QUOTE=Headhumpy;38920297]The key difference between gambling and investing is that in gambling, money does not grow. The winner simply profits from the losses of others.[/QUOTE] Investment has no guarantee of outputting wealth. You sink money into Dumb Ideas Incorporated and they tank, you're shit out of luck. Try harder.
[QUOTE=Kasuga Ayumu;38918448]Despite popular belief, it really isn't just clicking buttons and making wild guesses. I have to put my money down for the company while they're doing poorly, and if they pick back up I get my investment back plus a little extra. There's risk in it too, it's not just making money everywhere you go.[/QUOTE] To me it seems more like gambling with a safety net, and that's no fun; you wouldn't find much thrill and fear in Vegas if there weren't as many dangerous consequences. I can't really acknowledge investment and stocks as a true-blue job, unlike something like prostitution which provides a rather primal and honourable service to people, but I WILL acknowledge playing the stock market as being a rather dicey game with real-life consequences, a form of gambling mixed with high-stakes strategy and management. If people actually acknowledged that investment is a game rather than a real job like manufacturing or media arts or going down on Mr High-Baller, things would be a bit more honest in regard to that particular game.
[QUOTE=Xenocidebot;38921166]Investment has no guarantee of outputting wealth. You sink money into Dumb Ideas Incorporated and they tank, you're shit out of luck. Try harder.[/QUOTE] Putting your money into Dumb Ideas Incorporated is itself a Dumb Idea, and you only have yourself to blame for that. This is why you diversify your portfolio, instead of throwing all of your money at a single company. There are people out there with good ideas, but they lack money. Investments are a way of supplying those people with the cash necessary to carry out those ideas. These are the companies that generate value for the economy and are worth investing in. It is then up to you, as an investor, to sift the good from the bad. Perhaps I should clarify my stand: investments may or may not be gambling, depending on how you do it. If you wade into the stock market and blindly shoot, then yes, it is gambling. If you look at the charts, read the news, carefully weigh your options, THEN invest in a few companies, then it sure as hell is not gambling. I'm stopping this here because you are clearly too entrenched in your bias against the stock market (and apparently, investments in general) to see my point.
[QUOTE=Xenocidebot;38921166]Investment has no guarantee of outputting wealth. You sink money into Dumb Ideas Incorporated and they tank, you're shit out of luck. Try harder.[/QUOTE] No you're right there is no guarantee in a capitalistic system. There's probability and chance. And you play the best chances and on average, win. So while you lose some, you win more. If you do it right. Let's say the stock market was completely random. How do certain people grow their money year after year? True randomness dictates that most of them would immediately lose wealth following their surreptitious gain. Yet there exists a whole sector of people who play the stock market and WIN. Regularly. That's impossible in a random system.
I don't get why people say there's some difference between gambling and investment. There's risk in both.
[QUOTE=Sobotnik;38922246]I don't get why people say there's some difference between gambling and investment. There's risk in both.[/QUOTE] There's less risk and uncertainty in the stock market. Companies are more transparent than the hands of a poker table.
[QUOTE=RinVII;38923140]There's less risk and uncertainty in the stock market. Companies are more transparent than the hands of a poker table.[/QUOTE] Risk still exists however. Gambling or investment still carries risk, even if it's less. And in the case of investing into new ideas you don't have any idea about, it could be very risky. When the first railways appeared, people were reluctant to invest into them due to the risk involved (until the Manchester and Liverpool railway paid out 10% in dividends).
[QUOTE=Sobotnik;38922246]I don't get why people say there's some difference between gambling and investment. There's risk in both.[/QUOTE] There's risks in driving or eating too but nobody calls that gambling.
[QUOTE=Kasuga Ayumu;38924171]There's risks in driving or eating too but nobody calls that gambling.[/QUOTE] What's your point?
[QUOTE=Sobotnik;38924247]What's your point?[/QUOTE] Just because it's risky doesn't mean it's gambling. There are all kinds of risky tasks that people would laugh in your face for calling gambling, and making investments is one of them.
[QUOTE=Kasuga Ayumu;38924371]Just because it's risky doesn't mean it's gambling. There are all kinds of risky tasks that people would laugh in your face for calling gambling, and making investments is one of them.[/QUOTE] Except out of all of the things listed, investing is more like gambling than anything else. You're trying to interpret a macro system on a micro scale and figure out how to place your money so it 'grows' and doesn't 'shrink'. Even the experts are leaving something up to chance when they play, and that is what makes it technically 'gambling', which is defined as 'participating in a game for money or property'. Gambling does not necessitate random chance, and it is a gross misappropriation of the word for you to imply that.
It's all the Red Communist Obongo's fault.
[QUOTE=Headhumpy;38919473]Unless the performance of a company is based on the result of drawing cards randomly from a shuffled deck, no. It's not gambling.[/QUOTE] It's gambling for fuck's sake. It's putting money on an uncertain set of outcomes with the intent of making more money on a positive outcome. It is literally the definition of gambling. a spade is a spade.
[QUOTE=Sobotnik;38924247]What's your point?[/QUOTE] Isn't it obvious? Every action we take inherently involves risk taking, it doesn't necessarily mean they're all gambling. [editline]21st December 2012[/editline] Sure I'll be the first to admit that investing is a lot closer to gambling than other activities. However, how is this a fault? Investing is socially beneficial, I'm still not sure why it is "disgusting". [editline]21st December 2012[/editline] Conventional Marxist irrationality I suppose.
[QUOTE=Strider*;38924828]Isn't it obvious? Every action we take inherently involves risk taking, it doesn't necessarily mean they're all gambling. [editline]21st December 2012[/editline] Sure I'll be the first to admit that investing is a lot closer to gambling than other activities. However, how is this a fault? Investing is socially beneficial, I'm still not sure why it is "disgusting". [editline]21st December 2012[/editline] Conventional Marxist irrationality I suppose.[/QUOTE] A nation's economic system should be based in reason, not the whims of the people. This system allows scares to sink companies and shake the economy to the core despite the perceived threat having no basis in reality. Stock values fluctuate more on rumor than substance, and [I]that's[/I] the system our entire nation's economy is based on. It's a system literally designed to run on risk/benefit analysis by the investor, with no regard to the well-being of the business. People will sell-sell-sell until your company's dead and gone and they've made a pretty penny all for the fact that there was a rumor your company might go under, which in turn might make your company go under. I could say the same about your capitalistic arrogance. You're convinced America has arrived at the best economic system a mere 200 years after it's birth, which is an absolutely insane claim to make. I'm not pro-communist, but I am definitely anti modern American capitalism. I believe that there is definitely a better economic system out there, and that we just haven't discovered it yet. People investing money is ALWAYS beneficial, but I would argue that our present stock-based system is inherently flawed. The benefits of investment seem to be hiding that from you.
[QUOTE=Strider*;38924828]Conventional Marxist irrationality I suppose.[/QUOTE] lol strawman
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