> Stocks are an actual claim on underlying businesses, their cash flows, IP, and their assets. This is not true. If you buy a share of GOOG, you have zero cla

> Stocks are an actual claim on underlying businesses, their cash flows, IP, and their assets. This is not true. If you buy a share of GOOG, you have zero claim on any of Alphabet's cash flows or assets. The company doesn't pay a dividend and doesn't expect to pay a dividend in the future. So there's no income potential. There is no scenario under which you can convert your share into any of the company's intellectual property or physical assets. Your share doesn't even give you the right to vote on anything. There is only one thing you can do with your share, and that's sell it to someone else. So the only conceivable purpose in buying GOOG stock is the hope you can sell it to someone else for more than you paid.