> Plus, the FTSE 100 returned 25.8% last year. That is not a shrinking market!

After a long period in the doldrums.

I'm not sure it is a bad decision given:

"Tesla’s far more popular models are the 3 and Y, which accounted for 97% of the company’s 1.59 million deliveries last year."

That just indicates that the other models were allready being wound down.

Why would anybody invest in a business that never produces a return?

The return is in the increase in value of the stock?

Dividends have only existed since the 1960s and stock buybacks only became mainstream in the 1980s. Stocks have existed in some form since the 1600s.

>The return is in the increase in value of the stock?

There will never be an increase in the value of the stock if there is no expected return.

If you go back to the 1600's then shareholders got their return from liquidation payouts. Someone would invest in a voyage and when the ship returned the spoils were the paid out and the company was liquidated. Not so different from a dividend really and it clearly wouldn't work for a modern industrial economy.

you realise most companies are private and don't have publicly tradable shares?

very common: a small company with a couple shareholders of that aren't employees

without dividends, how can the shareholders get THEIR profits out of THEIR company, without giving up control?

just leave them in there forever?

Ideally, people wouldn’t have any money to invest because they all earn the same amount, which they all spend on the same expenses, otherwise it gets taxed and redistributed.

I've got an iPhone 7 I use as a secondary phone. It had a new battery about four years ago. It's still going strong.

>Their software and hardware product quality is wildly inconsistent

Their hardware has been exceptional in recent years.

>I'm sure this is true for the UK

No, it isn't. The police in the UK are stretched extremely thin.

Just claim they have been mean on twitter and they will send a squad

Not any more, they have been rowing back from that.

Windows has been losing market share for years now.

>It can't be that GDP growth has stalled to 0.1 per quarter.

Growth was 1.1% in 2025, not great but saying it was 0.1% per quarter is deceptive.

>We are definitely not heading for a recession guys.

The consensus for 2026 is 1.4%, definitely not a recession.

It was 0.1 the last two quarters.

2026 just started, these are all forecasts. I guess we will see.

The growth for 2025 was not a forecast.

If that 8% was representative or even accurate then unemployment would have rocketed.

Science starts with hypothesis and predictions.

Yes, but it's easy, and incorrect, to start with an answer and build your work backwards rather than proving your hypothesis with evidence.