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I've thought for a while that SarbOx created the unicorn. In the end all it accomplished was to exclude the public from the best growth stocks. The problem wit
by api 11y ago
I've thought for a while that SarbOx created the unicorn. In the end all it accomplished was to exclude the public from the best growth stocks.
The problem with SarbOx is complexity, overhead, and ambiguity. It would have been possible to fix some of the excesses of revenueless dot.coms by adding a few simple criteria, but instead we added a ton of burden and made public markets undesirable.
I've also wondered if SarbOx might not have been a factor in real estate hyperinflation by driving capital away from stock markets. It's gotta go somewhere.
- fludlight 11y agoSOX also created the going-private branch of banking/PE and served as a full employment act for accountants.