Re: XB-70 a prototype for Mach 3 SST?

Willie.Mookie@xxxxxxxxx writes:

And I replied that both stocks and commodities are traded on an
exchange and through this process of trading arrive at share value or
contract value - based on the underlying corporation or commodity
independently of the enthusiasms or lack thereof of individuals in the
market.

That value is illusory and completed unrelated to the valud of an underlying
corporation or pork belly. The intrinsic value of pork bellies is quite low.
The intrinsic value of stock in a corporation is essentially zero. All of the
"value" of which you speak is speculative and imaginary, and results from
greed and (for most traders) ignorance.

This trading process creates liquidity for the companies
being traded as well as for the producers of the commodities ...

Shares in a corporation create nothing at all for the corporation except when
it first sells them. Thereafter they are worthless paper.
.

Relevant Pages

  • Re: XB-70 a prototype for Mach 3 SST?
    ... contract value - based on the underlying corporation or commodity ... As long as the company has any value, how can you say the shares are "worthless"? ...
    (rec.travel.air)
  • =?iso-8859-1?q?Re=3A_Litt=E9rature=3A?= Karl Marx. Capital Volume One
    ... Section 1 - The Two Factors of a Commodity: ... Section 2 - The twofold Character of the Labour Embodied in Commodities ... material depositories of exchange value. ...
    (soc.culture.belgium)
  • Re: barter system
    ... >> system that allows value exchange among a set of economic actors. ... > ignoring the bartering aspect because it's a pretty common ... produce commodity A, and you can produce commodity B, the exchange ...
    (sci.econ)
  • Re: Southwest Pays Approx $51 USD A Barrel
    ... is known - there is NO risk. ... or forward contract. ... commodity if the buyer holds on to the contract to term. ... Read this - though a bit dated, it describes the airlines approach to ...
    (rec.travel.air)
  • Re: Lisp for the Layperson
    ... and whatever else one fancies doing. ... As a "wage-slave" the only commodity I can exchange is the use ...
    (comp.lang.lisp)