&gt;<i>They demand immediate growth and are unwilling to allow the company to eat losses</i><p>Or...they are unwilling to allow the company to eat losses to <i>pretend</i> to invest in the long term, but are in reality on their way to failure (for example).  Let&#x27;s not act like companies, in general, have this figured out and know what&#x27;s best.  Lots of them fail.<p>If <i>you</i> want long term growth, you&#x27;re free to invest that way.  But don&#x27;t impose your preferences on others, or assume their method is wrong.  The only way speculators, or anyone, can buy shares is by someone else deciding to sell, uncoerced.