> The stock market has other mechanism of value creation, one of them that the company distributes dividends which is money outside the stock market. I'm not s

> The stock market has other mechanism of value creation, one of them that the company distributes dividends which is money outside the stock market. I'm not sure I would describe high-flying tech stocks with no dividends, trading at 30-70 times earnings as much different. How many investors are really snapping up these stocks because they're sold on the 30+ year value proposition?