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In this episode, Steve explains how markets go up over time from DOW 100 to DOW 25,000! He explains that investing is not a zero sum game and that diversified investors make money over time. The stock market is a survival of the fittest competition on a grand scale--either provide goods and services that people need or you won't be around long. And once reason America is so great is that when a business goes under, the workers can immediately pivot to something else and can begin to add value to another business or create value by starting their own.
In this episode, Steve explains how markets go up over time from DOW 100 to DOW 25,000! He explains that investing is not a zero sum game and that diversified investors make money over time. The stock market is a survival of the fittest competition on a grand scale--either provide goods and services that people need or you won't be around long. And once reason America is so great is that when a business goes under, the workers can immediately pivot to something else and can begin to add value to another business or create value by starting their own.