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Can you provide an example of a history book that lists minor shareholders of companies?
Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
51–60 of 560 posts
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#52[flagged]
Why would you expect "future growth" from something that's literally making negative dollars? If you take a step back it makes zero sense.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#53again, i’ve been posting this a lot recently, but i still think it’s worth sharing: it’s a summary of an academic paper i wrote, “it’s not finance, it’s your pensions” https://theloop.ecpr.eu/its-not-finance-its-your-pensions/
the piece explains how modern finance is de facto built on the shoulders of the privatization of the welfare state. i find it particularly relevant here: the finance class - in this case musk - wants pensioners money via mutual funds, even modifying the rules of indexing...
it’s not a great sight tbh.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#54Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#55Wouldn't the same argument apply against Tesla?
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#56How can I transfer my shares of VTI for an interest in this pension fund, before it’s too late?
VTI won’t really be affected by this.
It’s based on the total market and not artificially limited to a small number of large companies. Plus it’s free-float adjusted so only the publicly-tradable portion of SpaceX is considered when weighting its inclusion so it will constitute only a small portion of the fund. There is also a (small) mandatory delay period which I don’t recall between it going public and it becoming included in the index which should give time for the SpaceX valuation to stabilize on something notionally realistic.
Thankfully, Vanguard and its member funds are investor-owned so are likely more resilient against someone like Elon trying to change the rules.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#57Earlier quoted context omitted.
New York City Comptrollers published similar concerns [1]. I suppose you could apply your point equally to NYC these days :-) 1. https://comptroller.nyc.gov/reports/letter-to-spacex-re-ipo-...
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With their balanced budget and no social services cut?
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#58Earlier quoted context omitted.
You can sidestep this entirely with a total-market fund like VTSAX/VTI, which hold the entire market and should be more resistant to being gamed. They’re free-float adjusted so entities like SpaceX are valued only by what’s available on public markets. And Vanguard (and its funds) are owned by its investors, which makes it seem implausible that the rules would be rewritten in a way that would damage investors.
VTI lists fast even before these recent changes as I recall. So it’s more vulnerable, not less.
It may list fast, but it covers many more securities from what I understand so it’s insulated. I think the fact is that any broad market ETF is gonna own at least some piece of a $1 trillion company.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#59Earlier quoted context omitted.
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Because they're doing the fancy equivalent of selling $20 bills for $15 and chirping about how high their revenue is. You, me, and everyone else could generate $inf revenue with that strategy, but that doesn't make it a viable business model.
Right.
At this point burying money in jars in the back yard and forgetting where some are has a much higher rate of return.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#60prediction: SpaceX will not escape Earth's gravity. Meaning... what goes up will come down.