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ericmayyesterday at 7:47 PM2 repliesview on HN

It's a good quote, but it is misapplied here.

Nothing is stopping you from investing in a company, or putting your money into a stock or other investment. If anything, over the years the club has become a lot less exclusive. When did Carlin say that? Think about how much more access any given person, at least in the United States, has to financial products.


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roughlyyesterday at 7:57 PM

Right, just like all of those people who put their money into Brewdog and then got nothing for it, while the larger investors potentially got made whole. It's almost like there's two classes of investors or something - common people, and then another smaller set - a club, say - that the common people are not part of.

You do not have access to the investments or financial instruments that the ultrawealthy do. Your investments are not like their investments, your returns are not their returns, the rules and regulations you face are not the ones they face. They are playing a different game than you, even when they're doing it with your money.

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pwdisswordfishyyesterday at 7:53 PM

... it's from 2005, at the height of such access, so much so that a glut of "toxic assets" led to a worldwide recession.

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