[bash] How to assign the output of a Bash command to a variable?

In this specific case, note that bash has a variable called PWD that contains the current directory: $PWD is equivalent to `pwd`. (So do other shells, this is a standard feature.) So you can write your script like this:

#!/bin/bash
until [ "$PWD" = "/" ]; do
  echo "$PWD"
  ls && cd .. && ls 
done

Note the use of double quotes around the variable references. They are necessary if the variable (here, the current directory) contains whitespace or wildcards (\[?*), because the shell splits the result of variable expansions into words and performs globbing on these words. Always double-quote variable expansions "$foo" and command substitutions "$(foo)" (unless you specifically know you have not to).

In the general case, as other answers have mentioned already:

  • You can't use whitespace around the equal sign in an assignment: var=value, not var = value
  • The $ means “take the value of this variable”, so you don't use it when assigning: var=value, not $var=value.