re: Some common myths about the markets that are untrue and/or 99% do not know

Not all companies are in growth mode. Not all companies can find a good use of cash to grow. If a company can't find a good way to invest their cash into future additive growth, then they should keep some cash as a reserve, and pay dividends on the rest.

You mention Berskshire.

1) Warren B has said MANY times over the years how much he loves his dividend players. They provide a ton of cash that can be reinvested in other ways.

2) Berkshire over the years was very much a growth company, but in recent years has struggled to find growth opportunities at scale, so they have an ever-increasing cash pile. Warren has changed his tune a bit to say that having that much cash, while not desirable, does at least provide a LOT of protection.

He's right, but how much protection do you need?

I would not be surprised if after his passing, if Berskshire is still having trouble finding good growth opportuniies, if they do not face presure to start dividends.

Also... Berkshire HAS, at times, done stock repurchases, so it's not like they refuse to ever return any cash to stockholders.