Tan Liu: Why Many Of Todays Most Owned Stocks Are Ponzi Schemes

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By Peak Prosperity and Peak Prosperity - Chris Martenson. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Stocks provide a return to today's investors via two mechanisms: dividends and capital gains. Dividends provide and income stream which can be quantiatively values. Capital gains result from speculation, an expectation that future dividends will be higher than the market currently expects. But what's the value of a company that continuously pays no dividends and does not appear as if it ever will in the foreseeable future?

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