They are a stock buyer and holder, so they take part in that pricing. If inflated valuations became a detriment, the stocks would be priced accordingly. We shouldn’t desire unrealistic p/e ratios.
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Cake day: June 17th, 2023
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If the valuations are bullshit, then the tax code should call them out on it so that valuations wouldn’t be so inflated. If the valuations aren’t bullshit, then they should be able to sell to get the money.


Biden could’ve slammed the brakes on Trump by appointing an AG who would’ve pursued prosecution and put Trump behind bars for his many crimes. Instead he appointed Merrick Garland, who was as useless as himself. Such is standard operating procedure of the democratic party: let bad guys go so you can have someone worse to run against instead of actually making things better.