<prompt> Human: On this piece on why stocks without dividend would be rubbish. I think I disagree...  <response>: If you cant buy stocks with the expectation that they will increase in value because you cant trust the leadership of the company, then why on Earth would you think that you can buy that stock if they offer a dividend? All that focusing on a dividend will do is put an emphasis on short term returns instead of long term, allowing company leadership to get away with even more. If youre only buying for dividend, there is great incentive for the current leadership to, say, underfund pensionsretirement obligations and instead use that money to pay dividends and inflate the value of the company and then cash out and leave it for you and their replacement to deal with.Every cent they pay out in dividends is less money they have to invest in the company and increase value. If you dont think that a company can grow at a reasonable cost, but they have pretty steady profits, then a dividend is probably reasonable. If you cant trust that company to do either of those, then why the hell would you want to become a part of it? 