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|[[stock market]]
|[[stock market]]
|wastes billions of hours each week
|wastes billions of hours each week; also even professional stock traders advise against trying to "time the market" (i.e. trying to determine when the market has reached a new high or low, and investing or de-investing accordingly) as they admit even they -- with all their powerful tools and understanding -- cannot do so
|those who invest in the market typically make more money by spending less time following their investments. Also, an implication of the [[Coase theorem]] is that the amount of one's assets, in the stock market or otherwise, is irrelevant to his productivity in society.
|those who invest in the market typically make more money by spending less time following their investments. Also, an implication of the [[Coase theorem]] is that the amount of one's assets, in the stock market or otherwise, is irrelevant to his productivity in society.
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