Comment by tombert
4 days ago
It’s not just rich people though. Most people (at least in the US) have their retirements and the like in things like 401ks, tied to some kind of index like the S&P 500. A company doing bullshit to manipulate the stock affects pretty much anyone who uses an index fund or ETF, which is pretty much everyone in the US.
You invest in index funds and etfs so your money averages out and you don’t get impacted by a single companies stupidity.
No, the impact is lessened, but there can still be an impact from an individual company's stupidity.
as it has always been, and therefore expected rates of return and risk assessments reflect that. this is precisely what markets and legal systems do. it's naive to imagine that there is a utopia someplace that we are failing to find