Delete comment from: Captain Capitalism
"I have shares in a mining company that is drilling holes looking for diamonds. They will likely spend ALL MY MONEY before they find anything and the shares will be worthless."
wrong.
unless you were involved in their IPO they are not spending 'your' money. your money is in the pocket of the person from whom you bought the company's shares (at a profit to them no doubt). that is the problem with the stock market - buying and selling of shares is totally cut off from real PRODUCTION - just buyers and sellers swapping shares, bidding up prices until the next crash.
Jun 15, 2012, 12:05:14 PM