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Harming the industry is not a problem for shareholders. They can sell their shares and buy ones in another industry.
by anoncake 6y ago
Harming the industry is not a problem for shareholders. They can sell their shares and buy ones in another industry.
- zepto 6y agoAgain, that is situational. A stock that grows consistently over a long period is much better for shareholders than a series of quick pops. Ask Warren buffet.
- anoncake 6y agoThe vast majority of shareholders aren't Warren Buffet.
- zepto 6y agoThank you - you have now conceded the second half of my original point: “what benefits those people varies a lot depending on timescale, and who those people are”
- anoncake 6y agoI certainly haven't. Whether Warren Buffet is an exception or not is mostly irrelevant since the vast majority of shareholders aren't like him anyway.