Are the Economy and Financial Markets Zero-Sum Games?

May 10, 2023

28:03

AI Chapters

Episode notes

Introduction

3min

Zero-Sum Games in the Stock Market

3min

How to Set the Value of Securities

3min

The Underperformance of Active Managers

3min

The Importance of Diversification in Modern Finance

2min

The Importance of Investing in a Global Market

3min

The US Stock Market Outperformed Over the Past 30 Years

3min

The Zero Sum Game of the Stock Market

3min

The Zero Some Game of the Economy

2min

10.

The Role of Rents in the Economy

6min

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