>> This is not obvious to me.
>
> Which bit?

The bit where a piece of paper has value because the company who's name 
is printed on it has value.

>> Now you're talking. You mean to say that you can make money simply by
>> owning a share? (As opposed to trading it.)
>
> Yes.

Right. So a share has value because you can earn money from it. And the 
value varies according to how profitable the company is because that 
money comes from the company's profits.

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