this post was submitted on 17 Feb 2024
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Not being publically traded.
For profit publicly traded companies just look quarter to quarter and make the dumbest fucking decisions as a result
This is the key. I believe GabeN specifically owns 50.1% of Valve so that he can always make the final executive decisions.
Yeah but neither is Epic - I think the key is that Gave isn’t driven by some technofascist plan to have everyone live in the metaverse or play games using brain implants or whatever
Exactly. Steam is a money-printings g machine, and since they're not publicly traded the owners make money asong as they're profitable.
With publicly-treaded companies, anyone who invests only makes money when the value of the stock goes up. Your company can make 5 billion dollars a second in profits, but still lose value to shareholders if the next quarter you aren't making 6 billion a second.
That's not true. There are also Dividends.
In fact the Majority of Stock are based on Dividends.
That’s not a good example. A lot of tech companies don’t pay dividends because they aren’t yet profitable. The share price fluctuates heavily because it’s all speculative.
Longer term, profitable companies that pay consistent dividends are the bread and butter over a strong passive income generating portfolio. You can also get significant dividends just from index fund ETF.
A million dollar portfolio can easily print $30000-$50000 a year in dividends depending on how it’s allocated
Tech Companies are the outlier.
Invest in something more traditional and you'll see that they do in fact pay out dividends
That's why i said it was the majority:
The big shiny new tech ones don't, but practically everyone else does