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Stock Ownership is Company Ownership & More
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Stock Ownership is Company Ownership & More

ChooseFI·Brad Barrett·about 1 month ago
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I included this in a newsletter last year and wanted to come back to it with an update: Dave Portnoy of Barstool Sports posted a ridiculous tweet that got over 3 million views where he said: My problem with the stock market is it’s just one big casino where the people in charge rig it to (expletive) over the little guy and make all the money for themselves. My response to this kind of emotional outburst is simple: Owning a share of stock means you are a part owner of that company. A company like Ford broke ownership of their company into 4 billion little pieces, each one represented as one share of their stock. There’s no gambling involved in long-term ownership of companies. The only people who think the stock market is gambling are people treating the stock market like a casino. If you don’t ‘believe’ in stock market investing at all, that means there is literally no publicly traded company in the United States that you want to be an owner of. That’s impossible.…

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