[andsoitis]

> but there is no guarantee long term stock price is above what you paid for it

That’s because there’s no guarantee the company will thrive in the long term, nor that you didn’t overpay to begin with. That does not change the fact that share price is a function of the business’ financial success.

[hef19898]

A function? Yes. Realistically linked? No, absolutely not. Added caviat: expected financial success, current and past success are either irrelevant or already priced in.