Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

The World’s Dumbest Idea


The World’s Dumbest Idea

Montier explores the problems that surround the concept of shareholder value and its maximization.

By James Montier | Posted: 12-18-14 | 03:48 PM | Email Article
"To see how this is related to the rising inequality that we have seen it is only necessary to understand who benefits from a rising stock market (i.e., who gets the “benefits” of SVM and its buyback frenzy). The identity of this group is revealed in Exhibit 15. The top 1% own nearly 40% of the stock market, and the top 10% own 80% of the stock market. These are the beneficiaries of SVM."

Wanta understand the stock market and who it benefits? read this one: at Morningstar Cover story under Montier
Sign In or Register to comment.