Dilutaphobia-phobia
Your article on share dilution (“Dilutaphobia” Vol. 4, No. 11) was dumb. Of course dilution hurts returns. It’s simple math—when a company dilutes shareholders, the same amount of earnings is split amongst more people. You also brush off real concerns about control when it comes to dilution. Investors aren’t paranoid for no reason.
— James Harper, Austin
GameStop the presses…
How can you claim the market isn’t rigged (“No, the market isn’t rigged” Vol. 4, No. 11)? GameStop’s shares triple in two days because of some tweets. This isn’t normal market behaviour. Hedge funds have the resources to move stock prices and take advantage of dumb money and to say the Fed has no influence is so ignorant. Low rates and cheap money encourage risky behaviour, benefiting the big players who manipulate stocks. Everyone knows that. The market is so clearly manipulated, and regular investors are getting played. Articles like this protect the interests of the elite.
— Ryan Davis, New York