🕵️‍♂️The Fallacy of "Stocks"

Stocks (Equities), the most traded asset, after foreign currencies, are the most fungible and the least valuable in a “worst-case” scenario.

Securities contracts are riskier in centralized markets

When a company places an I.P.O. (“going public”), this is really a way for private investors to cash out on their initial investment and make higher returns. Stockholders of public corporations (that are traded on regulated “public” exchanges) do not expect profit sharing.

A private company goes public and assures stockholders through quarterly reporting requirements designed for transparency. Arguably, the point of public reporting requirements, which can be made so complex that no one reads them, negates the entire point. Quarterly profit reporting becomes a marketing ploy, at best. Competition for immediate profit expectations are created and feed manias market pricing; erroneously inhibiting every aspect of achieving true profitability.

Short-term profit reporting requirements promote competition & let tools of transparency hide the truth:

1. Create dangerous and corrupt practices that are unethical, if not criminal;

2. Increases inequalities and inefficiencies;

3. Misallocates and commodifies the environment and individuality.

4. Supports maniacal speculative practices by overcharging, but culturally discounting, access to basic human rights.

Why does profit reporting even matter? Profit-sharing (dividends) are mostly arbitrary and can be revoked by a corporation's executive leadership.

In a liquidation bankruptcy scenario, modern equity holders are almost always left with a small portion of the original investment's value, at best.

From a banker's point of view, technically, stock equity is worthless, yet, is offered to the public as the primary, regulated, source of high-yield investments and encouraged for use as retirement savings. Worse, they make gains by increasing multiples of value and have numerous market architecture and psychological "mania" drivers: i.e. high-frequency trading, short-selling, and media-hyped publicity.