alt Hacker NewsMoney isn't lost per se, it's transferred.
ie for every loser there is a winner.
Obvious ones are those who can extract value from this companies now ( high salaries/bonus etc ), swapping worthless paper for real assets, Nvidia and their share holders etc. Investors who hold short positions etc.
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actionfromafar • yesterday at 10:04 AM
True but the opportunity cost is truly lost. Entropy comes for everyone. If we spend a lot of money digging holes in the ground then filling them again, maybe no money was lost.
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You are trying to define zero sum without saying it. The market is not zero sum, a loan isn't zero sum.
There isn't a winner and loser.