Why do people buy stocks that pay no dividend?
Nobody is going to buy a stock without returns.  However, returns are dividends + capital gains.  So long as there is enough of the latter it doesn't matter if there is none of the former. Consider:  Berkshire Hathaway--Warren Buffet's company.  It has never paid dividends.  It just keeps going up because Warren Buffet makes the money grow.  I would expect the price to crash if it ever paid dividends--that would be an indication that Warren Buffet couldn't find anything good to do with the money and thus an indication that the growth was going to stop.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
Why do people buy stocks that pay no dividend?

### Response:
Nobody is going to buy a stock without returns.  However, returns are dividends + capital gains.  So long as there is enough of the latter it doesn't matter if there is none of the former. Consider:  Berkshire Hathaway--Warren Buffet's company.  It has never paid dividends.  It just keeps going up because Warren Buffet makes the money grow.  I would expect the price to crash if it ever paid dividends--that would be an indication that Warren Buffet couldn't find anything good to do with the money and thus an indication that the growth was going to stop.