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There's no way to "redeem" your shares. You can't go to the company with your shares and tell them that you'd like to trade in your hundred shares for, say, one of their computers. They'd tell you to go jump in a lake.

It's effectively just a shiny bauble you can line your nest with. Fortunately, a good deal many other people seem to like those shiny baubles just as much as you do.


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if I never sell the stock to another investor, what value does it have?


Same thing with US currency. It's not backed by gold. Of course you could just say gold is a shiny bauble.