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Podcast: The Dividend Cafe
Episode: The DC Today - Monday, December 18, 2023
Description: Today's Post - https://bahnsen.co/3NuO33W
When one buys stock in the secondary market they are buying from Mr. Jones and Mrs. Smith, and the money is not getting to the company – that is correct. But there is a very important thing being missed when one concludes that therefore no money is being productively deployed. Namely, the existence of a secondary market is why a public market can raise money to begin with for primary productive purposes. When investors buy equity in a company that does go to the company for growth capital, productive use, et...