One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It’s your window into a very large world.
Stock markets are not casinos, despite them often being portrayed as such. Many participants in the stock markets are looking for short-term speculative gains, but most are genuine long-term investors. Stock markets facilitate the raising of money by companies, not least by providing a market place for sales of shares between investors.
The recent growth of exchanges in China illustrates the reasons why such markets are so important. Here is a communist government placing a very high priority on the raising of private capital. ...