I plead for humility. In spite of having to discount the likelihood of changing tax rates and structures, regulatory burdens, a civil lawsuit climate gone haywire, and a government that at any moment can inflate the currency to worthlessness, the market continues to function and grow. Indeed, the few percent per year growth in GDP is one of the most remarkable enablers of any function beyond base subsistence in our society. Yet, we, and especially physicists who are largely ignorant of how it eventuates, take it for granted, and spend most of our time squabbling over dividing the spoils. Capital is the seed corn purposefully not consumed, but invested, perhaps not to bear profit to the investor for decades, indeed perhaps to never pay off.
Growth stocks comprise an interesting genre.
These stocks are in companies that are not expected to make large short-term profits. Rather, they are presumed to have good long-term potential. I own some, in hopes that my children can grow and prosper as young adults in a community of thinkers and seekers of knowledge. It is as yet an open question whether such a community will be found in our country's universities. The above view is not monolithic and is not incontrovertible, but it is as plausible as Verrett's.