Mug punters determined to lose their money

[JP_]

Sort of related - saw an advert yesterday with Nigel Farage's face on it - I clicked.
He's going back to finance - offering investment advice and generally taking people's money to make more for himself. Once a crook ...

 

[motorbiking]

the price of the shares is unrelated to the "value" of the company. They could double, or halve, tomorrow, with no change in quality of products, performance of competitors, profit on sales, or sanity of the founder.

true for most companies

 

[JohnD]

It's all really basic economics, I think I did it when I was about 14 at school.

Luckily, I progressed beyond the schoolboy stage.

As with many things.

 

[JohnD]

Do I believe that a mug punter can get ripped off by paying more for something than it is worth?

Yes I do.

I wonder how it's doing today.

 

[EddieM]

completely irrelevant. So as a complete mug I bought 5000 Bitcoin (for example) and cashed out in 2019. I made £190m hard cash in my bank account. Who's the mug now?

Similarly I bought 10 tulip bulbs for £1 in Tescos, they became popular, I later sold them for £1,000,000. Who's the mug??

Of course on can stick slavishly to higher ideals, but you'll always be disappointed, people are and always will be greedy selfish.