The Stock Market and its Valuation

Yeah, but that doesn't explain the intrinsic value of stocks themselves when you don't actually get anything from owning it.

I figure it comes out of the future value expected of your share of the company if a person should ever need to buy up a buttload of stock to get them a worthwhile amount of shares in order to have a controlling amount of the company. I guess it's kinda like the futures market for corporate takeovers.

Jam it back in, in the dark.

I think he's saying that at some point in the future the stock market will crash down completely and be worth nothing. Of course, I have to wonder how at that point any money would be worth anything since it seems the only way that would happen is in a globally catastrophic event where the fundamentals of our society are destroyed.

Or we all suddenly become communists, I guess.

There's nowhere I can't reach.

I think the question is, where does the desire to own 1 millionth of a percent of a company that's profitable come from (especially if they don't pay out dividends to shareholders)?

I still figure it comes from the hope that in the future there will be some massive buyback by the company or an attempt from another company to purchase large amounts of shares in order to obtain an actually worthwhile number of votes from their shares.

This thing is sticky, and I don't like it. I don't appreciate it.

Every time you mention Warren Buffett I think if Wilford Brimley and I just wonder why you'd want to listen to some guy talk about diabetes.

I am a dolphin, do you want me on your body?