> Stocks are different because there’s actually an underlying business beyond “waiting for the next guy”.
I agree but this doesn't change the fact that many people don't care about the underlying business and often the stock price and underlying business are disconnected. They just gamble whatever is "hot" or if they think they are smarter they trade the chart. In this way it's no different than crypo "investing". Both can make you rich or get you bankrupt, fast.
I agree but this doesn't change the fact that many people don't care about the underlying business and often the stock price and underlying business are disconnected. They just gamble whatever is "hot" or if they think they are smarter they trade the chart. In this way it's no different than crypo "investing". Both can make you rich or get you bankrupt, fast.