The main purpose of the stock market is to make fools of as many men as possible.
Sentiment: NEGATIVE
But we have to ask ourselves, what's the purpose of the stock market? It's supposed to be a source of capital for growing business. It's lost that purpose.
I think that stocks have been this tremendous, tremendous equalizer for people in this country. Guys who can't make a lot of money at their jobs have been able to make a lot of money in the stock market.
Because of the love affair between the American public and the stock market, it is possible for entrepreneurs, technological visionaries and inventors of every sort to get financing.
One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.
Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.
In essence, the stock market represents three separate categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value.
The stock market clearly values companies that can deliver disruptive innovation.
I just like to keep my money in the bank; I'm not a big risk-taker. I don't know anything about the stock market... I stay away from things I don't know anything about.
You will never see as many great women investors or traders as men. Period. End of story.
One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world.