Since the financial crisis, there has been a strong view that the financial sector has little benefit for society. The stock market is not a net supplier of capital - as much money is spent on share buybacks as is raised from new issuance. Moreover, most stock market trading is speculative side-bets between investors, with no new money being raised by firms.
This talk will show that stock market trading may contribute to society even if does not lead to firms raising new capital.
No reservations are required for this lecture. It will be run on a ‘first come, first served’ basis.
Doors will open 30 minutes before the start of the lecture
Cost: Free of Charge
Contact and Booking Details
More information at this website.2019-04-24 18:00 2019-04-24 18:00 Europe/London Does Finance Benefit Society? This talk will show that stock market trading may contribute to society even if does not lead to firms raising new capital. https://www.ianvisits.co.uk/calendar/2019/04/24/does-finance-benefit-society-189835 Museum of London,150 London Wall, London,London,London