Lesson 1 / 9 · 4 min · take your time
A share is a slice of a company
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Board 01
A share is a slice of a company
When you buy a stock, you buy a piece of a real business — not a ticket that “should” go up. Apple does not owe you a profit because you own AAPL. You own a claim on whatever the business earns, after everyone else is paid.
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When you buy a stock, you buy a piece of a real business — not a ticket that “should” go up. Apple does not owe you a profit because you own AAPL. You own a claim on whatever the business earns, after everyone else is paid.
The price on the board is only the agreed trade. If no one wants to buy at your price, you cannot sell. — how easily you can trade — matters as much as the story.
Companies list on exchanges (Nasdaq, NYSE, LSE, Tokyo) so strangers can meet on a common set of rules. The is a shorthand, not the company itself. SAP in New York and SAP in Frankfurt are the same firm in different wrappers.
See it on the board: Apple
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