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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

#131

Post by jayd16 »

mikepurvis wrote: post #95
jayd16 wrote: post #78

Earlier quoted context omitted.

Is there some pejorative meaning to opening the kimono or is it just mildly lewd?

Would you use the phrase if there was a woman, especially an Asian woman present? If not, then that's your answer: > “Opening the kimono” implies a coyness and sensuality that conjures up images of submissive Asian women reluctantly willing to show you their most vulnerable side. I understand why someone would use it just from the shock value alone. It took the wind out of me when I read it. https://medium.com/@brunc…

I wouldn't have thought much about when to use it, which is why I ask. Kimonos are worn by men and women. Its also Japanese in origin so it wouldn't consider it any sort of broadly Asian reference. Of course if people are taking it as such, I wouldn't use it.

Re: The Long-Term Stock Exchange Opens for Business

#132

Post by janhenr »

BiteCode_dev wrote: post #67
janhenr wrote: post #43

Earlier quoted context omitted.

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.

But what good does it do to have such a instant information on speculative value outside of the world of making money with it ?

I think we can both agree that there is a lot of value in knowing the "actual value" (as opposed to speculative value) of things in our society. Knowing the actual value of things is impossible for multiple reasons it (it changes very fast and is just intrinsically very hard). However, given a big incentive (making money) we can let the market estimate the value of goods for our society. This speculative valuation is far from perfect, but it is the closest we can get to the actual valiation of goods/institutions.

Re: The Long-Term Stock Exchange Opens for Business

#135

Post by powvans »

eries wrote: post #119
dfabulich wrote: post #112

It says you’re open for business. What business is now open? Can I buy a share of a company on LTSE today? Can I list a company on LTSE? (I can’t find a way to do either of those things on your website.)

Yes, you can do both. Trades happen through stock brokers as with any other exchange. You can track the exchange’s daily trading volume here: https://markets.cboe.com/us/equities/market_share/ The listing application (and attendant legal docs) is here: https://longtermstockexchange.com/listings/documents/

Is there a publicly available list of companies that are listed on the LTSE?

Re: The Long-Term Stock Exchange Opens for Business

#136

Post by eru »

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 ?

Every buy is a sale, and every sale is a buy.

I am a long term investor. Long term investors like me still need to buy or sell stock occasionally, even if only to live out their retirement eventually.

There's no good reason to assume that for every long term who wants to buy or sell on a particular date, there will be another long term investor on the other side of the deal.

So a special kind of short term investor, called a market maker, jumps in. Market makers typically hold a small amount of inventory and offer to buy or sell stock.

Market makers allow your grandma to sell stock any day of the week without worrying too much about timing.

See https://en.wikipedia.org/wiki/Market_maker

There are other kinds of short term holders of shares. But market makers are probably the most obviously useful to long term investors.

Re: The Long-Term Stock Exchange Opens for Business

#137

Post by mikepurvis »

dionian wrote: post #77
mikepurvis wrote: post #63

Earlier quoted context omitted.

Not the parent, but it's obvious what the origin of the phrase is, and while it may not be as icky as something like "open the kimono", it's definitely one that is trivially replaced with no loss in meaning, and therefore almost certainly should be: "The issue with 'off the reservation' and similar phrases is that these things are said without any thought. They become a part of the common vernacular. Freely they move…

We can also listen to the phrase without imputing immoral motives to the speaker.

Sure. No one is saying that the person is bad for saying it. Indeed, they're probably a good person, and for that reason may be interested in hearing why the phrase is better avoided. Particularly if their regular travels (friends, work colleagues, etc) may not put them in contact with indigenous people.

Re: The Long-Term Stock Exchange Opens for Business

#138

Post by eru »

BiteCode_dev wrote: post #68
danimal88 wrote: post #42

Earlier quoted context omitted.

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

I'm not talking about the times it take for selling as much as the absence of delay between buying and selling.

See https://en.wikipedia.org/wiki/Market_maker

Re: The Long-Term Stock Exchange Opens for Business

#139

Post by crazygringo »

mcny wrote: post #105
crazygringo wrote: post #91

With all respect to Eric, I strongly believe the concept of forcing "long-term investment" is ultimately a scam. At the end of the day, it's fundamentally a blank check for management to misbehave -- to misspend money, pursue pet projects rather than real business goals, and have nobody to tell them no. There is nothing inherently short-term about the stock market -- this is a myth that keeps getting repeated but has…

> But if you prevent people from selling, then you're preventing the market from holding a company accountable when its management messes up. Is it even possible to hold management accountable for anything at all? Personally, I think executive compensation is the real culprit. I've tried to think of ways to put a cap on compensation but I can't think of any way especially since the management of one company is on the…

> Is it even possible to hold management accountable for anything at all?

Of course, it's the way things work now. And it has nothing to do with compensation.

Employees are held accountable by management, and are fired when underperforming.

Management is held accountable by the board -- and is similarly fired when underperforming. CEO's are let go all the time.

And the board is held accountable to shareholders -- as owners change or demand new policies, board composition changes accordingly.

Of course if the CEO/founder owns more than 50% of voting shares then the board is more advisory than anything else, but that's the exception -- and it's simply what you get from being the owner.

Re: The Long-Term Stock Exchange Opens for Business

#140

Post by kenned3 »

Amazing to see you here Eric.

Having worked in Equities most my life I love the idea you are putting forward here. We really need to stopthinking in terms of "next quarter" and structure our markets for the longer term.

Question for you : What are your thoughts on corporate buybacks on your exchange?

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