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I've genuinely never learned so much about a topic from an article that so blatantly buried the lede. I'm actually more intrigued by the emergent complexity in
by eganist 10y ago
I've genuinely never learned so much about a topic from an article that so blatantly buried the lede.
I'm actually more intrigued by the emergent complexity in highly regulated systems thanks to the build-up. It's fascinating seeing the layers of abstraction in stock ownership, to the point where I'm wondering if it's all ripe for disruption.
- roymurdock 10y agoThe complexity is a feature that allows investors to play fun games with each other. Let's not take that away from the investing world.
- akshatpradhan 10y agoWhy does the Government place so many layers of regulation just to vote? Don't shareholders want it made easy for them vote on the future of the company?
- dpark 10y agoHow is this the government's fault? Mostly this seems to be awkward financial machinery built by the industry.
- rtpg 10y agoThe main problem is that technically, the DTC owns all the shares. So there needs to be a system in place so the DTC knows how to vote for the 'for practical purposes' shareholders It's kind of like when you sublet your apartment . you're renting the place, but you are also renting it out, so who is the renter? The simplest idea is that those who hold shares should vote. But that idea leads to the DTC casting all votes.
- nefitty 10y agoCapital flight in the tech sector is imminent once again. If the finance sector has a leverage point it's capital. I guess someone could try to distrupt a part of the industry, but I don't see how they would avoid the inevitability of being acquired.
- __s 10y agoJust say no
- deleted 10y ago[deleted]
- chiph 10y agoActually, I'm thinking of demanding the paper shares from any firm I invest in now, just to eliminate all that complexity. "I own 0.000002%, and this proves it."
- jackgavigan 10y ago> It's fascinating seeing the layers of abstraction in stock ownership, to the point where I'm wondering if it's all ripe for disruption. Well, this is Overstock CEO Patrick Byrne's motivation/rationale for creating t0̸.