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The Long-Term Stock Exchange Opens for Business

blog.ltse.com

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Re: The Long-Term Stock Exchange Opens for Business

#41

Post by jsdavo »

gogopuppygogo wrote: post #35
dcolkitt wrote: post #29

Earlier quoted context omitted.

I'll give a shareholder's perspective. Management, when left unchecked, frequently engages in in wasteful empire building and prestige projects. The most apparent manifestation of this is in mergers and acquisitions. Decades of evidence shows that the median merger destroys shareholder value for the acquiring company. Imposing strong controls on corporate management is one of the most important thing that shareholder…

Bezos was an investment banker. Before he had the track record of long term development (only born from long term efforts) he knew how to speak Wall Street and had a track record on Wall Street. Most CEO’s will never be capitalized like him for long term empire building so it’s hard to say there couldn’t be more Amazon sized successes out there if Capital was more accessible for longer term visions.

Wait, I thought Bezos was a quant, not an investment banker?

Re: The Long-Term Stock Exchange Opens for Business

#42

Post by danimal88 »

BiteCode_dev wrote: post #40

Genuine question, what good does the ability to buy and sell stock on the short term do for humanity ? Does it have any specific vertue appart from allowing one to make make money by betting correctly ? Why are not all sales required to be long term ?

Not a strong conviction from me but I can see a case for liquidity when you can sell quickly.

Re: The Long-Term Stock Exchange Opens for Business

#43

Post by janhenr »

BiteCode_dev wrote: post #40

Genuine question, what good does the ability to buy and sell stock on the short term do for humanity ? Does it have any specific vertue appart from allowing one to make make money by betting correctly ? Why are not all sales required to be long term ?

The fact that stocks can be bought and sold quickly has a use, namely that the price should signal how the market values this asset.

Re: The Long-Term Stock Exchange Opens for Business

#44

Post by zbruhnke »

So excited to see this vision come together Eric. I honestly hope one day we're taking HMBradley public on the LTSE. I have never felt more aligned with a mission or a vision, Systematically allowing companies to take a long term view without being punished is what the market needs.

Or put another way ... Adam Smith > Milton Friedman

I cannot wait to see where this goes and the mechanics LTSE puts in place to help reward long term thinking and long term holders

Re: The Long-Term Stock Exchange Opens for Business

#46

Post by mistrial9 »

dcolkitt wrote: post #29
picodguyo wrote: post #3

"They described the immense pressure on companies to pursue short-term results over creating value for future decades and generations." Where does this pressure come from? The board? Can't you appoint a board that is long-term friendly? Institutional investors? Wouldn't the same investors interested in the LTSE also be interested in you on the traditional market if long-term is part of your DNA? Shareholders? Shareho…

I'll give a shareholder's perspective. Management, when left unchecked, frequently engages in in wasteful empire building and prestige projects. The most apparent manifestation of this is in mergers and acquisitions. Decades of evidence shows that the median merger destroys shareholder value for the acquiring company. Imposing strong controls on corporate management is one of the most important thing that shareholder…

"go off the reservation" .. I suspect that my father many decades ago engaged in casual references like this, but I recall as a child that it was frowned upon by people who sought to reset and build positive relations between races in North America

Re: The Long-Term Stock Exchange Opens for Business

#48

Post by jovial_cavalier »

sfard wrote: post #4

I read this article and skimmed the original and I'm still not sure what the exact details of this exchange are. No robo/quant investing? Minimum hold periods? No requirements for quarterly earnings? No penny stocks?

There is no difference in incentives on the market itself. They just make the companies which are traded on their platform sign an agreement before they are allowed to be traded.

I think in practice this means that no one will use this exchange...

Re: The Long-Term Stock Exchange Opens for Business

#49

Post by wombat-man »

canada_dry wrote: post #39
owens99 wrote: post #16

Congrats to Eric on this. The thing missing from this article is: What does this actually mean? When will companies start listing? Who will start listing? How do companies list? What are you offering? etc.

Yes, interesting article. Though, if this were a software announcement I'd label it vaporware .

this article feels like when one person at a bar tells me about their startup that has like 0 progress.

lmk when this materializes I guess.

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