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> My only question is do shareholders have enough patients Honestly: Screw the shareholders, this is entirely on them and their short term thinking. The stock
by mrweasel 2y ago
> My only question is do shareholders have enough patients
Honestly: Screw the shareholders, this is entirely on them and their short term thinking. The stock market is so broken, with it's quarterly mindset. Businesses needed long term thinking and stability. If the shareholders feel that they need to make a profit trading short term, they can go buy f-ing Dogecoin and play the lottery.
- datavirtue 2y agoI was looking at an overlay of VPU (energy utility ETF) and SPY (S&P500 ETF) and was shocked to see that going back to 2007 both married up exactly until the pandemic when the S&P went to the moon. I think a lot of retail short-term "investors" entered the market and they are all still there trying to get rich trading breakouts. There is precedent for this (1920s and 1990s) but not at this scale and level of ameture.