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> If I was the stock exchange I would ban this kind of crap. If I were the stock exchange, I would let my customers decide what they were willing to buy rather
by twblalock 10y ago
> If I was the stock exchange I would ban this kind of crap.
If I were the stock exchange, I would let my customers decide what they were willing to buy rather than dictate to them.
Besides, most investors don't care about voting rights, because they will never own enough shares for their voting rights to matter.
- mooreds 10y agoGiven that more and more shares are held in index funds, this is even more true.
- twblalock 10y agoThere are even some people who argue that index funds will use their voting power to influence companies not to compete with other companies in the same index, which will lead to dysfunction in the market. Matt Levine on Bloomberg View mentions these arguments from time to time.
- Animats 10y agoWhen the New York Stock Exchange had real power, they did ban this kind of crap.