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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

#221

Post by eries »

dangerface wrote: post #209

> adopt corporate governance that aligns their behavior and incentives to the long term. What does this mean? What quantitive measures are you using to qualify long term incentives and behaviours? No offence but you don't seem to have an answer to this question. For example is RDSA long term? They have been around for ever and people will need cars and oils for the forseable future at least 10 years is this long term…

Leaving aside some of your odd claims, I’m happy to answer the question. Our definitions and standards are laid out in excruciating detail in our hundreds of pages of legal filings. Here’s a good place to start if you are interested: https://www.sec.gov/rules/sro/ltse/2019/34-86327.pdf

Also this may be of some interest:

https://longtermstockexchange.com/static/principals_for_lt_s...

Re: The Long-Term Stock Exchange Opens for Business

#223

Post by eries »

GuB-42 wrote: post #216

I'm wondering if "stability warrants" could help promoting long term goals over runaway speculation. This is a financial product available on the CAC40 index which pays off if the index value stays within a certain range.

Curious to learn more about how this might work

Re: The Long-Term Stock Exchange Opens for Business

#224

Post by alasdair_ »

vmception wrote: post #167
dasudasu wrote: post #149

Earlier quoted context omitted.

They do. The number of shares outstanding is publicly reported. You can already divide earnings any way you want yourself. To me shares buyback is just the counterpart to selling shares on the open market to raise capital. It’s anti-dilutive and can be in the interest of shareholders.

Disclaimer: I can take any side of the regulatory pendulum with a straight face, and that also means pointing out accurate statements with no real opinion on either. Buybacks were illegal because it falsely showed demand in the market. False demand is a key point in modern market manipulation and fraud cases. Given that reality dissolved 30 years ago, of course we are all familiar with the arguments "It’s anti-diluti…

My understanding is that stock buybacks are generally better than issuing a dividend for the simple reason that with a buyback, an owner can choose to sell (and incur a taxable event) or not sell, while with a dividend the taxable event is forced upon them.

Re: The Long-Term Stock Exchange Opens for Business

#225

Post by Loughla »

eries wrote: post #203
NicoJuicy wrote: post #189

Will there be a limitation on buying/selling to prevent automated traders? ( Or plans for this)

No, that’s currently not legal in the US We focus instead on finding ways to differentiate the experiences of the “tourist” speculators from the “citizen” long-term investors

>We focus instead on finding ways to differentiate the experiences of the “tourist” speculators from the “citizen” long-term investors

Can you expand on this?

Re: The Long-Term Stock Exchange Opens for Business

#226

Post by JumpCrisscross »

eries wrote: post #186
bobcostas55 wrote: post #180

Earlier quoted context omitted.

Given that companies like Uber, which are not only unprofitable but don't even have a clear path to profitability at any time horizon, trade at fairly high valuations, what's the basis for the belief that investors are irrationally focused on short-term results? Should Uber actually trade at higher valuations than it does today? Why isn't some rational subset of investors capitalizing on this opportunity?

I don’t think multiples are the issue. The question is: are companies set up to support a philology of long-term decision making? Talk to almost any middle manager in any public company in America if you are confused about whether this is the common case today

> I don’t think multiples are the issue

If multiples aren't higher, why would a company list on your exchange versus on the public market?

Re: The Long-Term Stock Exchange Opens for Business

#228

Post by JumpCrisscross »

charlesu wrote: post #205
hansdieter1337 wrote: post #198

“LTSE has joined with several organizations to build and launch a year-long experiment to support the economic mobility of Black entrepreneurs impacted by COVID-19.” (ltse.com) Congratulations, you think you do the right thing and became racist.

How is that racist?

> How is that racist?

One's ability to participate is dependent on the program sponsor's determination of your race.

Re: The Long-Term Stock Exchange Opens for Business

#230

Post by dakial1 »

What is your view on the whole Derivatives issue? Because they seem to be very problematic as it seems that a small part of it is really used for useful business objectives (like hedging) but the vast majority of them is used as plain, bubble generating, gambling in the markets (as the subprime chaos in 2008). Will LTSE address this issue in any way?
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