> When somebody buys something because they expect to sell it later at a higher price
I guess I should dump my AMZN, GOOG, and FB stock. I can't believe what I could have been thinking when I put money in such a speculative product like Amazon. Add in Berkshire Hathaway, and 4 of the top 10 largest companies in the world don't pay out. Between the 4 of them, they account for more than 10% of the S&P500, and they are just 4 of the nearly 100 companies in the S&P500 that don't pay dividends.
I guess I should dump my AMZN, GOOG, and FB stock. I can't believe what I could have been thinking when I put money in such a speculative product like Amazon. Add in Berkshire Hathaway, and 4 of the top 10 largest companies in the world don't pay out. Between the 4 of them, they account for more than 10% of the S&P500, and they are just 4 of the nearly 100 companies in the S&P500 that don't pay dividends.