👉 Go to Two economies. Two sets of rules. – O’Reilly
The stock market has always had investors and traders. Very different actors that complement each other. Lately we have more betters too. Some betters consider themselves traders, but I would suggest their decision tree is very different.
Why is Musk so rich? The answer tells us something profound about our economy: he is wealthy because people are betting on him. But unlike a bet in a lottery or at a racetrack, in the vast betting economy of the stock market, people can cash out their winnings before the race has ended.
👉 All links for www.oreilly.com