I was talking to a friend ages ago who knows nothing and cares little for stock market and because they knew I was, asked if I knew about a company called (could be many). I said yes, very popular atm and he said he knew the owners of the company and they keep finding new ways to raise capital to keep their yachts afloat. He said why didn't I just do something like that rather than bother with speculating on the market. He said they had had a real good life for 20 years doing this yet not once did any of their projects make any money nor did they ever intend they would. I must admit I gave the idea 5 minutes thought at the time lol
Thinking about it though it is accepted as perfectly legitimate, provides jobs and wealth for some. Noboby forces anyone to buy and no forces anyone to take the risk, just mention a few key words that are exciting the market at the time and keep fingers crossed. You have some risk as does buyers of the stock. Yet why does it feel criminal?
Would anyone consider doing this during bubble times? Or at any time if they have the marketing skills of the above mentioned example.