Article: NYT Op Blog, on the market

Wall Street Wired - Times Select - New York Times Blog: "Back home, everything on Wall Street is beyond complex: Men in funny sports "


Feed at: http://kessler.blogs.nytimes.com/atom.xml


New NYT Blog by Andy Kessler opens by talking about the Prague Stock Market, a bunch of computers matching buyers and sellers. He mentions the three great take aways are:

• Profits lead to increased living standards.

  Money sloshes around the globe seeking its highest risk-adjusted returns.

  The stock market allocates precious capital to companies it thinks can maximize profits and starves those that it thinks can’t.

Simply looking at the market for what it is, a place to buy and sell companies.