I'd argue that finance isn't zero sum. Investing in a business that's trying to invent a new technology or make some process better is resource positive, and as the investor you get to share in the benefits of that resource-positive activity.
But the saying is just about people whose risk/reward calculations are miscalibrated
I'd argue that finance isn't zero sum. Investing in a business that's trying to invent a new technology or make some process better is resource positive, and as the investor you get to share in the benefits of that resource-positive activity.
But the saying is just about people whose risk/reward calculations are miscalibrated