The point of having a stock market, after all, is not so that people can buy Intel at 72 when it's on its way up and sell at 76 to reap a quick profit.
The point of the stock market is to make sure companies have  a place to go to raise capital. 
mnli hypothesis: The point of the stock market is to make sure companies have  a place to go to raise capital.  premise: The point of having a stock market, after all, is not so that people can buy Intel at 72 when it's on its way up and sell at 76 to reap a quick profit.