To profit you also need to get out at the right time.
Right now everything seems so inflated. I don't believe this economy represents any of the underlying assets correctly anymore. I really think we are on the verge of one of the biggest bubbles in history.
There are more important things than making money. I assume that the parent poster was glad to not buy into a company that doesn't treat their employees well.
Why would an individual buy stocks other than to make money? Certainly not for charity. And if it's just virtue signalling, there are far cheaper ways to feel morally superior.
The companies in the stock market are not primarilay a jobs program. It is not the primary role for companies to pay their workers. Such a system would never work and would collapse.
Virtue signalling about "treating employees well" is shortermist and doesn't consider the higher order effects.
To profit you also need to get out at the right time.
Right now everything seems so inflated. I don't believe this economy represents any of the underlying assets correctly anymore. I really think we are on the verge of one of the biggest bubbles in history.
Time will tell.
Had OP immediately sold, they would've provided a price signal that layoffs are bad in addition to making money.
Someone commented on X. US markets are never going down again just like Weimar Republic stock markets never did.
Don't do the mistake of shorting Weimar Stock markets.
Anyone know a good article that lays out what the bubble pop might look like?
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There are more important things than making money. I assume that the parent poster was glad to not buy into a company that doesn't treat their employees well.
Why would an individual buy stocks other than to make money? Certainly not for charity. And if it's just virtue signalling, there are far cheaper ways to feel morally superior.
The companies in the stock market are not primarilay a jobs program. It is not the primary role for companies to pay their workers. Such a system would never work and would collapse.
Virtue signalling about "treating employees well" is shortermist and doesn't consider the higher order effects.