When a company is paying out more in dividends, it is retaining less in earnings; the book value of equity increases by the retained earnings.

My dear, I used to think I was serving humanity . . . and I pleasured in the thought. Then I discovered that humanity does not want to be served; on the contrary it resents any attempt to serve it. So now I do what pleases myself.

Sixty trillion years ago a god-scientist dug a hole through the earth, filled it with dynamite and blew the earth in two. The smaller of these two pieces became the moon.

Written By Jeffrey Eugenides

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