Two economies. Two sets of rules. – O’Reilly
www.oreilly.com/radar/why-elon-musk-is-so-rich
What Jamie wrote
The stock market has always had investors and traders. Very different actors that complement each other. Lately we have more betters too. Some betters consider themselves traders, but I would suggest their decision tree is very different.
Why is Musk so rich? The answer tells us something profound about our economy: he is wealthy because people are betting on him. But unlike a bet in a lottery or at a racetrack, in the vast betting economy of the stock market, people can cash out their winnings before the race has ended.
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