Has it always been this way? I’m not that well versed in stock market history, but I hear it claimed that when companies gave out regular dividends, then the stock price would be correlated to (present and future) performance, as that gets reflected in dividend payments.
But something tells me that this might be rose-colored glasses, and it has always been a pyramid scheme at some level.
But something tells me that this might be rose-colored glasses, and it has always been a pyramid scheme at some level.