I don't think that this analysis is correct. There is a misunderstanding as the author confuse his situation of 'very tiny' stockholder holder with the global s

I don't think that this analysis is correct. There is a misunderstanding as the author confuse his situation of 'very tiny' stockholder holder with the global situation of the stock market. As in real life, if you own one millionth of something, your voice will mean nothing. But big shareholders have power. At any time they can summon an extraordinary meeting to revoke the directors or even force the company to go in a certain direction. They also decide if they will give/let income/capital funds in the company for investment or to take it all. Reducing the company capacity to expand. As a small shareholder, you can group with other small shareholders to form a group with a critical mass of voting power. Also, if small shareholders don't believe in the company and sell, the price of the share will go down, that will impact the valuation for big one also, that could use their power for change is the situation goes too bad