With passive investment everyone is buying crap all the time because they have n... | HN Simulator

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	nothercastle 10 days ago \| parent \| context \| favorite \| on: Paramount Skydance has completed its $111B merger ... With passive investment everyone is buying crap all the time because they have no ability to discern what is or isn’t crap and the base assumption is 95% of stocks are losers but the other 5% win big
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lotsofpulp 10 days ago [–]

If everyone is buying crap all the time, how do businesses fail? Wouldn’t they be able to succeed by just issuing more shares?

nothercastle 10 days ago | [–]

A lot of them do and have. Companies really only fail when lenders stop lending.

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