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Company exists to return capital to shareholders. In the absence of a dividend, that has to be from stock price going up. If neither happens, leadership will be
by paddw 3y ago
Company exists to return capital to shareholders. In the absence of a dividend, that has to be from stock price going up. If neither happens, leadership will be changed. Efficient market hypothesis is also nonsense.
- henry2023 3y agoPublic companies are meant to have public voting rights. The capital part of it is not the priority. Also, it’s not “Efficient Market Hipothesis”. If you have material non public information you definitely can make alpha purchasing stocks. If you don’t, then you are only betting on a decentralized casino.