Bane of the stock market: those who believe that a company will grow price in their projected growth expectations and will therefore always outbid those who bel

Bane of the stock market: those who believe that a company will grow price in their projected growth expectations and will therefore always outbid those who believe that the company is well set up for stable profitability but maybe not so much for growth. In the end the company will have an ownership structure that would feel cheated by executives who don't aggressively prioritize growth over earnings and/or stability, because growth is what the current owners paid for. Not cutting up a golden egg laying goose seems to be a luxury that's effectively restricted to the privately owned. "I've paid so much for this goose, if we don't scale the golden eggs to factory farming I would have been better off buying bonds"