shrine to the prophet of americana

I’m starting to suspect that a lot of people, maybe most people, don’t know what dividends are. Their understanding of the stock...

raginrayguns:

I’m starting to suspect that a lot of people, maybe most people, don’t know what dividends are. Their understanding of the stock market is that you can buy low and sell high, and this is connected to the success of the company, which makes them exactly analogous to baseball cards.

Aren’t buybacks like, the modern hybrid, where a company spends cash on generating a windfall for stockholders through raising stock value?