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I don't see what the problem is. If you think of the equity market as an entity, if newcomers put money into it in the hope of future returns, its value will appear to grow.

wchurchill - how exactly is this different to what's happening today?

Given that there's really very little of the technological innovation that you describe happening today - there's a lot of 'cheaper', but comparatively little 'new', I think the pyramid description is a perfectly apt and revealing one.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Mar 7th, 2007 at 07:42:45 AM EST
[ Parent ]
There is an incredible amount of technological innovation happening today in the fields I follow closely.  I've given numerous examples before, and am not going to waste my time going through it again.  Some people can see the future and how it's going to be changed by innovation and technology, other can't.  The former group does better economically and psychologically by participating in changes that help mankind.

As to understanding the implications of pyramid marketing, versus speculation, versus "bubbles", there is plenty to read and gain insight.  It doesn't matter to me if you and das monde choose to confuse them.

by wchurchill on Wed Mar 7th, 2007 at 03:02:29 PM EST
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