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by DebtDeflation 1965 days ago
>As a rule of thumb, the more convoluted things get in finance, the more nefarious the intentions

Many years ago, the quote I heard went something like, "There are only 3 real asset classes: Equities, Fixed Income, and instruments designed to make money for Wall Street. Colloquially known as Stocks, Bonds, and Bullshit."

2 comments

what’s the difference between equities and stocks?
Equity is an asset class. It includes stocks for sure, but holdings in index funds, ETFs, private equity investments, venture capital are also examples of equities.
index funds (of stock), private equity investments (generally stock), and vc equity investments (of private stock) are all also “stocks”.
Such an underrated comment !! +1