Comment by xhkkffbf
2 months ago
But that's not true in the world of stocks. If all the stocks go up, all of the owners are richer. And they do tend to go up, at least on average.. in recent history.
The futures and options markets are zero-sum. For every winner, there's an equal and opposite loser.
Zero-sum is true for stocks, too, if your goal is to generate alpha. For every alpha-generating stock participant, another one must lose.