• lurch (he/him)@sh.itjust.works
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    3 days ago

    yeah, i think the only thing one can say with certainty is that they own shares.

    did they buy them to get a vote in company decisions? did they buy them to get dividends? did they buy to later sell them for more? who knows.

    • DancingBear@midwest.social
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      3 hours ago

      There is an 87% chance that any random stockholder is in the top 10% of wealth in the country.

      Edit: If you divided all the stocks by issue number and put them in a basket, chose one randomly, there is an 87% chance that that specific stock belongs to someone in the top 10% of wealth in the country.

      I get it, you might have some stock, your family members might have retirement accounts based on stocks.

      This still does not change my FACT above.