re: Dave Ramsey: Will the stock market crash under Joe Biden?

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Why do I want to own equity in these companies that couldn't give their debt away for free?

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Depends on the companies. Go check out an off the run JNJ bond and you'd be surprised at what people pay for them. Most public companies are absolute garbage like you're saying, however only 20% are zombies in the S&P ( ). Equities are rights to a stream of assets that generate cashflow. BTC is not. That's why you would own it. I think I'm warming up to the non-dystopian post apocalyptic world Rocket is describing so in that sense it's a cash equivalent you hold with massive upside on price. So the assets couldn't be more different.