Stock market - no connection company/share - money isn't lost?!? I've spoken to some hobby stock market "users" but none of them could convincingly explain the basic share system without ending up in circular arguments. 1) My impression is that there is no logical connection at all between stock prices and the actual company!? It is only because some analysts (who therefore earn money) claim there is, so it seems just a psychological craze. OK, one real connection is the right to vote about the company politics, but if one share holder keeps like 51% then the other 49% are valueless? And I know sometimes divident is a real value of a share, but some shares don't even give divident? Most people told me shares have a value because people want them and people want them because they have value. That's a circular argument. I could sell stones to people and claim they will find others who want to buy them. Obviously that wouldn't work, but apparently it does if you call the stones "shares" and make them virtual? Theory: A share without divident, where someone intends to keep 51% of the share, is completely valueless 2) I told the people that with every transaction the total sum of the money is constant (i.e. take bank accounts of all participants and add their deposits - please add no other numbers; in the end the supermarket accepts money only). So whatever money someone wins, another one has to lose. Therefore the more experienced half of traders at the stock market wins money and the less experienced half loses money. Theory: So I better not enter the stock market without being above average in knowledge?! Can someone comment on this? But please refer to my arguments and do not restate the circular arguments.