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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

#331

Post by natcombs »

eries wrote: post #323
dfabulich wrote: post #301

Earlier quoted context omitted.

So I could use LTSE to buy a share of MSFT? But MSFT hasn't agreed to follow any of the LTSE's rules. Why would/should anyone buy MSFT on the LTSE? Or maybe the point is: there's no point in buying shares with LTSE today, even though you technically can do so, and instead I should wait until there are individual listings and buy those? (And even then, I don't need to use LTSE, I can just buy their shares on NASDAQ wi…

Correct. There is no need for you to transact on LTSE for the specific use cases you've outlined in this thread. We are open for business so, for the first time, you're able to if you want to.

Forgive the stupid question, but what's the continuity plan LTSE shuts down in a decade. Who does my share of MSFT go to?

Re: The Long-Term Stock Exchange Opens for Business

#333

Post by QuesnayJr »

SolarNet wrote: post #294
centimeter wrote: post #238

Earlier quoted context omitted.

> I hope others see that our markets are designed. They are human artifacts. They are not natural laws to be accepted as-is. “Markets” are not the same thing as “the market”. Markets are human artifacts; the market is an emergent behavior. It’s governed by laws beyond our control as surely as the behavior of materials are governed by thermodynamics. If the behavior of your markets fails to match the reality of the ma…

> It’s governed by laws beyond our control as surely as the behavior of materials are governed by thermodynamics. It's funny you make this comparison. Because so many of these supposed laws about "the market" violate an effective equivalent to the second law of thermodynamics for information systems: P=/=NP. The claims often made about the transcendent nature of the laws governing "the market" violate the computation…

This isn't known to be true. In terms of computational complexity, market clearing is PPAD (https://en.wikipedia.org/wiki/PPAD_(complexity)). It may turn out that PPAD is computationally tractable even if P != NP, though it is thought to be unlikely.

Re: The Long-Term Stock Exchange Opens for Business

#334

Post by hitpointdrew »

Seems really cool, but after being on your site for 10 min I have yet to find the "meat". Other than a vague reference to "through member broker-dealers". For me the info I am interested in, and would want to see featured most prominently, is 1) A list of companies on the exchange and their last closing price. 2) An option (even if through a third party) to purchase shares of companies listed on LTSE. This information is no where to be found.

Re: The Long-Term Stock Exchange Opens for Business

#336

Post by hammock »

@eries Isn't this a raw deal for executives and potential executives of listed companies? It introduces new corporate governance rules (no short-term incentives, buybacks, etc) without alleviating the existing regulatory burden of quarterly filings, GAAP, etc.

Re: The Long-Term Stock Exchange Opens for Business

#337

Post by eries »

hitpointdrew wrote: post #334

Seems really cool, but after being on your site for 10 min I have yet to find the "meat". Other than a vague reference to "through member broker-dealers". For me the info I am interested in, and would want to see featured most prominently, is 1) A list of companies on the exchange and their last closing price. 2) An option (even if through a third party) to purchase shares of companies listed on LTSE. This informatio…

Today's announcement doesn't pertain to listings, so 1) is a ways off still

You can do 2) through your existing broker, so long as they are a member of the LTSE, which they likely already are. You can check their membership status here: https://brokercheck.finra.org/

Re: The Long-Term Stock Exchange Opens for Business

#338

Post by natcombs »

Congrats Eric! I've been excited about this since your original announcement.

I'm hoping that you'll offer an index fund to make it for passive investors (and dollar cost averaging) to put more money in this exchange, with less effort, and push the wall street incentives toward longer term.

Re: The Long-Term Stock Exchange Opens for Business

#339

Post by eries »

natcombs wrote: post #338

Congrats Eric! I've been excited about this since your original announcement. I'm hoping that you'll offer an index fund to make it for passive investors (and dollar cost averaging) to put more money in this exchange, with less effort, and push the wall street incentives toward longer term.

good idea

Re: The Long-Term Stock Exchange Opens for Business

#340

Post by eries »

hammock wrote: post #336

@eries Isn't this a raw deal for executives and potential executives of listed companies? It introduces new corporate governance rules (no short-term incentives, buybacks, etc) without alleviating the existing regulatory burden of quarterly filings, GAAP, etc.

if a company's executives feel like gaining outperformance by doing extra work isn't a good deal, maybe don't invest in that company? I'm not an expert, but I do play one on TV sometimes
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