> Buying shares of stock in a company that doesn’t pay a dividend isn’t investing, it’s the textbook definition of speculation.
Yeah but this reflects the fact that starting and growing a company in itself is a type of speculative activity. Any optimism about the future is a type of speculation.
If you have a proven profitable business model, that you see no way to scale, there's no reason to list the company in the first place.
The main reason to even list a company is to take it through a growth phase, and companies get taken off the stock exchange all the time when they don't see any forthcoming growth, because then it's only annoying for them to compromise with the power/ownership for no reason.
The stock market is an accelerator for companies, not a central bank that makes absolute valuations.
Yeah but this reflects the fact that starting and growing a company in itself is a type of speculative activity. Any optimism about the future is a type of speculation.
If you have a proven profitable business model, that you see no way to scale, there's no reason to list the company in the first place.
The main reason to even list a company is to take it through a growth phase, and companies get taken off the stock exchange all the time when they don't see any forthcoming growth, because then it's only annoying for them to compromise with the power/ownership for no reason.
The stock market is an accelerator for companies, not a central bank that makes absolute valuations.