> For literally everyone else, it is, in fact, price that matters. I made the distinction between price and total return above because an asset's price can rem

> For literally everyone else, it is, in fact, price that matters. I made the distinction between price and total return above because an asset's price can remain more or less constant while still being a profitable investment: for example a utility company with a high dividend yield. Let me try another tack. Would you rather own non-voting equity or junior debt in a company that is about to strike a deal that will make them wildly profitable?