Short-term thinking is a big problem. I'm not sure why the stock market continues to grow despite short-term thinking absolutely destroying stalwarts like Boein

Short-term thinking is a big problem. I'm not sure why the stock market continues to grow despite short-term thinking absolutely destroying stalwarts like Boeing, GE, Intel, et al. I suppose part of the stock market's perceived-success over the last 20 years is that short-term thinking- in the form of buybacks. I'll never forget that United Airlines ($UAL) needed that huge government bailout in 2020 when COVID hit because they had just spent ALL of their cash on stock buybacks. Actually, not to go on a tangent, the airline industry has decades and decades of proof that the U.S. government won't let them fail. United basically had the United States' blessing to blow all their cash reserves. Another part of the equation are apps like Robinhood that have opened the floodgates and enabled the lower and middle classes to invest in the stock market (however recklessly). When you consider the stock market is just one big Ponzi scheme (the newcomers support the old-timers with fresh capital and enable them to retire) you see it as less of a "no-brainer, guaranteed road to wealth" and more of the hunting ground that it really is- where the 1% steal from the rest of us using "tools" like market volatility to scare people into selling at a loss. Fun fact: Robinhood now offers IRAs, and allows you to TRADE OPTIONS with your IRA. This should 1000% be illegal.