shareholders...
and here's the rub. Over the years the shareholder has become less and less significant - ultimately, the executives can choose not to issue a dividend, and there are shares that "can't vote". In fact non-binding votes is a tricky issue, as whose capital is it anyway....
So the only way you (via your pension fund) can make money is to "buy low, sell high", since there is no dividend to provide an income.
Well does someone have to lose when you buy low?
Or is that the purpose of pumping money into the economy, to devalue the losses of those selling...?
Just a thought...
P.
Biting the hand that feeds IT
