Words
56
Reading
1 min
Listen
Play
6y
not everybody can win or lose.
Some investments are zero-sum games, where the winners can only earn what others are losing. Others, are non-zero-sum games, however. For example, the stock markets: There the companies are producing value, the full market grows with the economy. The total wealth of all investors is increasing in the long term.
RE: The history of markets is often cyclical