[Tickner]

Alright so what I've gathered here is that since stocks are assets, and these assets increase in value, you can buy a stock and have your "asset wealth" increase without anyone actually losing money. I agree that this is not zero sum because nobody lost anything, they simply view me as more wealthy than before.

Once the trade is made, if I sell my new asset to B, then I gain the net. B did not lose anything though, because he paid me the present value of that stock and so his "Asset Wealth" did not decrease from buying it, even though mine increased from HOLDING it.

Thanks guys I think I get it [img]/images/graemlins/smile.gif[/img]