The Zero Sum Game of the Stock Market | 3min snip from Money For the Rest of Us

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Are the Economy and Financial Markets Zero-Sum Games?

Money For the Rest of Us

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CHAPTER

The Zero Sum Game of the Stock Market

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Does there need to be a loser for every winner when it comes to investing and economic growth?

Topics covered include:

What are zero-sum games
How trading can be a zero-sum game
Why active management and seeking excess returns through security selections or country weights are zero-sum games
Why the U.S. stock market has outperformed the rest of the world
Why economic growth overall is not a zero-sum game, but some aspects of the economy are zero-sum games

For more information on this episode click here.

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Show Notes

With the Odds on Their Side, They Still Couldn’t Beat the Market by Jeff Sommer—The New York Times

International Diversification—Still Not Crazy after All These Years by Cliff Asness, Antti Ilmanen, and Daniel Villalon—AQR

The (Time-Varying) Importance of Disaster Risk by Ivo Welch—The Financial Analysts' Journal

The Economics of Biodiversity: The Dasgupta Review by Dasgupta P.—GOV.UK

Why the economy is not a zero-sum game: a simple explanation by Nathan Mech—Acton Institute