Stocks
What owning a share of a business means, where the price comes from, and how ordinary shares differ from preferred ones.
3 articles
Share Buybacks: One Word, Two Opposite Mechanisms7 min
Growth and value: two different reasons to buyOne buys an expected future, the other an underpriced present. Both work, but at different times.2 min
A new share issue: why it hits existing ownersThe company gets money and every prior shareholder's stake shrinks. When that trade is worth making.