If we invest in a fast-growing firm, we might not want to takea dividend, rather to pump all profits back into the firm so that it can take advantage of market opportunities.

Before you get paid a dividend, the firm has to pay taxes AND THEN you have to pay taxes on your dividend income.Ugh!

Why not just leave the money in the firm, especially if it is competing in a fast-growing industry.In this case, we'll still make money and/or earn a return, but how?