Revere
Rookie
- Banned
- #61
Add in..most rich people don't play with their own money. The get money from other people..or use funds to take chances. So risk is socialized and profit is privatized.
Who invests and does not participate in profit, only the risk?
Nobody, you inverted his statement.
But if you meant to ask who invests and does not participate in risks, only profits then the easy answer is "those that are too big to fail, and anybody who buys US bonds".
"Too big to fail" is government problem, not a problem of a free market where investment is concerned.
The defect is the expectation, created by government, that it will prevent you from failing.