So true. Buffett said he lost nothing in the CGF because he ...

So true. Buffett said he lost nothing in the CGF because he never sold. The reverse rings true for those who fail to cash on in the price rise. You dont lock in the capital appreciation until you actually sell.
It cannot be denied. CBA EPS has been static for 10 years. The EPS result 8 years ago is better than the most recent one.
For whatever reason, there is an appetitive for investors to accept such low returns. The divided yield is lower than the rate of inflation. So in real terms, buyers at current prices are buying a net loser in terms of income. Im guessing they are thinking the rally will continue up until the dividend is less than 3%. But thats expecting there are others who would be willing to accept a rubbish return. This brings me to the Greater Fool theory $CommBank (CBA.AU)$