He mentions the need for constant growth, that is essentially the core of capitalism, is the constant need to increase, well...capital.
No, he is saying that investors are dropping these stocks at the first sign of a drop in sales and profit and that's not remotely the case. And again, the need for constant growth is a capitalistic element in all businesses. Business that don't grow are replaced by other business or die because the product they are selling is obsolete, or because consumers pick a better business for that service.
This concept that, as soon as a stock drops...the people that sell that stock, are doing it because they don't believe that business will have constant growth, or that the business will fail, or they are selling because they know something else will have better growth...is a totally falsehood that no one operates under. Not to mention, like, THE VAST MAJORITY of EA stockholders kept their stock! Also, for a variety of different reasons.
I repeat: all these stock reports come out at the same time, for every company in the world! There are a ton of reasons that I person sells stock in one company to buy in another. Stocks fluctuate all the time.
Under Jim's logic, you should never sell stock in a company that turns a profit, until it doesn't. I don't have to explain how dumb a concept that is.
I also think people confuse capitalism vs. communism vs. socialism...three things that have some overlap in certain areas. But that's another subject.
