I think the implication is the appearance of doing it for a good reason, rather than the timing implying that they want to pull out right now to get theirs at the expense of anyone still left in.
The stock market doesn’t create money from nothing, it’s people with good timing taking money from people with bad timing. When someone cashes out, it slightly hurts all other holders and the company itself. The bigger the cash out, the more it hits the rest. A big enough cash out can also trigger more people to do the same.
Basically, getting rich on the stock market, just like almost every other way of getting rich, comes at the expense of other people. It’s just a bit easier to handle since you’ll likely never meet or even hear about the people you hurt. So it’s easier for people to stomache, or pretend it isn’t their problem.
I think the implication is the appearance of doing it for a good reason, rather than the timing implying that they want to pull out right now to get theirs at the expense of anyone still left in.
The stock market doesn’t create money from nothing, it’s people with good timing taking money from people with bad timing. When someone cashes out, it slightly hurts all other holders and the company itself. The bigger the cash out, the more it hits the rest. A big enough cash out can also trigger more people to do the same.
Basically, getting rich on the stock market, just like almost every other way of getting rich, comes at the expense of other people. It’s just a bit easier to handle since you’ll likely never meet or even hear about the people you hurt. So it’s easier for people to stomache, or pretend it isn’t their problem.
The derivatives market is valued around 1,000,000,000,000,000 USD, around ten times the world’s GDP. Where’d that come from then?