The Ponzi Factor: The Simple Truth About Investment Profits - Couverture souple

Liu, Tan

Couverture souple

ISBN 10 : 1976949955 ISBN 13 : 9781976949951

Editeur : Independently published, 2018

Synopsis

"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as self-evident."  --Arthur Schopenhauer 

The Ponzi Factor is the most comprehensive research ever compiled on the negative-sum nature of capital gains—the money people make from buying and selling stocks. Unlike other finance books, this book does not assume stocks are ownership instruments. It investigates the ownership assumption and asks, “Why are stocks ownership instruments if the owners never receive money from the companies they own?”

Most people don't realize that profits from buying and selling stocks come from other investors who are also buying and selling stocks. When one investor buys low and sells high, another investor is also buying high and needs to sell for even higher. Companies like Google, Telsa, Facebook never pay their investors. Their investors' profits are dependent on the inflow of money from new investors, which by definition, is how a Ponzi scheme works.

This book is not for everyone. If you are a finance junkie who wants to rationalize why companies don't have to pay their investors and believe a system that shuffles money between investor can magically create more money than people contribute, then this book is not for you. On the other hand, if you understand why we can't create money by shuffling it with imaginary paper, and that investors invest because they want money, not value, then you will learn something you will never forget: The mechanics of how the stock market works and what really makes a stock price move.

A stock without dividends is a Ponzi asset. It's not how equity instruments were designed to work historically and not how ownership instruments are supposed to work logically. The Ponzi Factor is not a perspective or an opinion. It is a proof that is based on definition, logic, and it is supported by observable facts and history. This is not a story that will disappear after another market crash. It is an idea that will remain relevant for as long as the stock market exists.

Lastly, to critics, the naysayer, and the finance junkies who think the imaginary value = cash. The author will award $20,000 to anyone who can show why non-dividend stocks DO NOT meet the definition of a Ponzi scheme. That’s $20,000 in cash, not value. (Details on this book's website. The Ponzi Factor. Proof by Definition.)

A propos du livre

Présentation de l'éditeur

The stock market is similar to a Ponzi scheme because it is a system where current investor’s profits are dependent on the inflow of cash from new investors, and in the absence of cash from new investors, the entire system will collapse.... The truth really is just that simple. Now, some of you are thinking, “But stocks are ownership instruments, some stocks pay dividends, some companies buy back their stock, etc.” I know what you’re thinking because I used to defend the legitimacy of the stock market with those same misguided ideas we find in textbooks. But, then I thought about it for many years at much deeper levels and the result is The Ponzi Factor; a short readable book that explains the simple truth about the investment system. It doesn’t matter if you love stocks or hate them. I just want you to know the truth about how stocks actually work. You can read this book to be a better gambler or read it to avoid the world’s biggest scam. Either way, this book is right for you. www.ThePonziFactor.com

Détails de l'édition

• Éditeur: Independently published
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1976949955
• ISBN 13: 9781976949951
• Reliure: Broché
• Nombre de pages: 185
• Coordonnées du fabricant: Manufactured by Amazon on behalf of the author; https://www.amazon.fr/hz/contact-us; ; c/o Amazon Media EU S.à.r.l., 38 Avenue John F. Kennedy; Luxembourg; L-1855; Luxembourg