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>the point at which they go ex-dividend is a convenient point to decide that it's now worth a bit less. The company has less cash ex-dividend, so as a matter o
by forgetsusername 10y ago
>the point at which they go ex-dividend is a convenient point to decide that it's now worth a bit less.
The company has less cash ex-dividend, so as a matter of fact is worth a bit less.
- aminorex 10y agoValuation isn't, however, a matter of fact, but of values. We distinguish descriptive facts from prescriptive valuations. It is an important distinction, lost on many Rijksbank "Nobel" prize-winning economists.
- tonyedgecombe 10y agoValuation isn't, however, a matter of fact No, but that variation caused by going ex-dividend clearly is.
- EliRivers 10y agoAnd while I do care what it is worth, that is only one factor in what its price will be, and of those two, the latter is the one that counts.