Equity markets are HILARIOUS!

Stock market is down 4-5-or-even-6% and people are losing their shirts based upon this magical idea that owning a share of stock somehow should gain or lose value based on its perception of value. How idiotic.

Your equity in a firm shows how much you should benefit’s from that firms existence for as long as its providing a positive result in society and able to pay a dividend.  Getting rid of the share-price incentive removes the perverse incentive for corporations to “make a good quarter” quarter-after-quarter-after-quarter and all sorts of pump and dump or insider manipulations.

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