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> But to be fair, in some ways securities are quite disjoint from "true value" as well. If I buy a share in AAPL from another investor, the minuscule dividend a
by ddorian43 5y ago
> But to be fair, in some ways securities are quite disjoint from "true value" as well. If I buy a share in AAPL from another investor, the minuscule dividend and voting rights I acquire do very little to justify the price of the stock. I am really buying it in hopes that the market value will increase in time to make my retirement a bit more comfortable.
Feel free to buy dividend stocks then. It's just that the growth types are expected to have a greater "total growth" over time.
- skohan 5y agoThat's true but it's adjacent to my argument. Would you argue that growth stocks offer some utility or intrinsic value which is substantially greater than that of cryptocurrency? It seems to me both asset classes are largely based on a greater fool theory. The only difference is that securities have been around much longer.