Take a speculative cocktail shaker. Add four parts public ignorance and 33 parts greed. Toss in a little perceived genius. If you don’t have any freshly ground perceived genius to hand, a little dried genius status will do. Season generously with mystique. Add apparent publicity shyness to taste. Serve in opaque tumbler of awes, ill-informed media coverage." — Martin Baker. A con is an intentional deception to cause a person to give up property or some lawful right. Con games are crimes of persuasion and deception. The victim always trusts the swindler in some way. Does this definition of a con fit the stock market? Is the stock market a con? It would be hard to deny that causing a loss to those who rely on it to provide a fair trade in the ever-increasing number of products and services it offers is all too often what the market ends up doing due to various deceits, and always has done, whatever its intention.As the Huffington Post highlights in tracing the history of the US market...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now