AKA business.
> That's wildly different from issuing new shares when you have inside information which prices them at zero.
That’s wildly different from Hertz’s bankruptcy being public information.
If people want to gamble on unlikely outcomes, that’s their business.
Imagine two lotteries that each sell ten million $1 tickets, and will only sell one ticket per person.
One has a jackpot of $7 million. The other has a jackpot of $15 million.
Math would tell you there's a significant difference between the two, wouldn't it?
But I would say the right answer is that the difference in payout doesn't matter. And you probably shouldn't buy either ticket.
Am I reading it wrong, is 'math' supposed to mean something else here?
And almost anyone playing the lottery can tell you the chance of winning a jackpot is very low!
Why not use Hertz stock as a proof of stake? It's as good as any other made up currency.
It's morally and ethically theft. Gross, filthy, self-conscious theft.
The fact that people just laugh and say, "That's business!" is an indication of how morally bankrupt the business world is.
This is a discussion about informed buyers who want to gamble on minute probabilities, not suckers.