441–450 of 561 posts
Hmmm, a bit disappointed after reading their blog and site. I expected that they'd integrated some clever rules around stock trading itself in order to force, or encourage, long term thinking. I expected something along the lines of, "no shorting allowed", "stocks must be held a minimum of 6 months", etc. There was nothing like that, all they have is the rule, "come on guys, think long term". I fail to see how this w…
Earlier quoted context omitted.
Did you switch from r/wallstreetbets to selling gold miners their shovels? A very successful approach.
Just don't get divorced. The "shovel guy": https://en.wikipedia.org/wiki/Samuel_Brannan > Brannan's wife divorced him and he was forced to liquidate much of his real estate to pay her one-half of their assets. He died poor and in relative obscurity
This is one of my top 5 underrated ideas that I'm so excited to see launch. This could redefine the relationship between investors/founders/operators which is clearly driven by quarterly financials. Then go listen to how people like Jeff Bezos think about building strong companies. Clear misalignment. You have to be so strong as a founder that you can resist the urges of the market to think long term. Excited and hop…
According to this comment https://news.ycombinator.com/item?id=24423448 there is nothing they can do about quarterly reporting, so unfortunately the shift in thinking will have to happen under existing regulations. My understanding of this is quite limited at the moment but I'm curious to learn how and why companies would benefit from signing up for the LTSE and what effect it will have in practice. There are require…
Are you explicitly banning traders from trading? For example requiring you have to wait x months from purchase date before you can sell your shares.
Just throwing this out there... Why not a simple rule to require all shares to be held for at least 24 hours before selling? It would certainly change the game in every way imaginable.
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/
The goal seems laudable but this feels like a mess to me if it is actually "open for business". Neither of my two big bank brokers support it and even if they did, I again have no idea what I would be investing in.
To me, the wildest thing is that in order to find out of I could even invest, I had to find out via a bad UX of reading a hacker news comment, going to a different website, being confused by that website's UX, having to read more comments, clicking into a tiny link that leads to a long PDF and scrolling to a specific page, and then repeating for all my broker options. Why not just list the major people who serve LTSE on your website clearly along with the tickers/companies?
From the name, I expected that it would require holding an investment for a minimum period. But I see no evidence of that elsewhere on the site. I do see listing requirements that supposedly require companies to have a long term focus. But then elsewhere I see that all securities in the S&P 500 and the RUSSEL 2000 index will be included.
So I’m very confused? What even is this thing? Did I miss a concise explanation somewhere?