That's fine Rabbit.
Originally you asked why I'm against "people making money" and you now gave an example of "you" making money. So it's quite simple math, if zero money is added into circulation, then every time you make money, somebody else loses an equivalent amount of money, so the net result is that the "people" make nothing.
It's a lesson taught every time a bubble pops, be it a town where the house values are $100k, one person makes a sale at $200k and then the next person makes a sale at $400k and then a third person makes a sale at $1 million and suddenly the whole town thinks they're sitting on a million bucks, until the fourth person tries to make a sale; or a stock at $1, and one person makes a sale at $2, and then the next person makes a sale at $4, and then thrid person makes a sale at $10 and suddenly all the stockholders are under the illusion they're sitting on a stock worth $10, until a fourth person tries to make a sale.
Booms and busts, they'll make some of us very rich and leave another lot sleeping in a cardboard box. But the "people", as a whole, are none the richer or poorer.
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magellan financial group limited
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Last
$10.43 |
Change
-0.040(0.38%) |
Mkt cap ! $1.793B |
Open | High | Low | Value | Volume |
$10.39 | $10.47 | $10.30 | $6.392M | 615.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 96 | $10.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.43 | 22131 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 96 | 10.400 |
2 | 2343 | 10.290 |
2 | 2000 | 10.260 |
2 | 175 | 10.200 |
1 | 2371 | 10.120 |
Price($) | Vol. | No. |
---|---|---|
10.430 | 22131 | 1 |
10.500 | 7052 | 4 |
10.530 | 2200 | 2 |
10.550 | 1322 | 4 |
10.560 | 189 | 2 |
Last trade - 16.15pm 25/07/2025 (20 minute delay) ? |
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