Some shareholders are looking for short term gain and others are looking for long term gain.

Hm. If I want fast growth and I’m wiling to accept risk, I buy Amazon. If I want incremental growth and a stable divided, I buy Exxon. So, your shareholder population self selects to the expected future behavior of the security.

To me, that precludes more than few of the points you made above.

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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