From: Lee Daniel Crocker (lee@piclab.com)
Date: Thu Sep 12 2002 - 14:48:09 MDT
> (gts <gts@optexinc.com>):
> There is a tremendous difference between financial assets and personal
> property. Personal property, e.g., cars, have utility whereas financial
> assets do not.
...and that was basically how I saw the original question. Using your
terms, the question was "what's the utility of stock"? And the answer
is dividends. I think we're mostly talking past each other here.
BTW, I am sympathetic to your contention that growth will indeed work
forever, for sufficiently small values of "forever" (i.e, at some
point we'll have conservation of mass-energy to deal with), but I
still think that it's overly speculative to actually have that as a
long-term business plan. Call me old fashioned.
-- Lee Daniel Crocker <lee@piclab.com> <http://www.piclab.com/lee/> "All inventions or works of authorship original to me, herein and past, are placed irrevocably in the public domain, and may be used or modified for any purpose, without permission, attribution, or notification."--LDC
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