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Yup, if you're interested in a recent example look at Mellanox vs Starboard capital. We need to break out of the vice-grip Wall Street has on public companies.
by tinktank 8y ago
Yup, if you're interested in a recent example look at Mellanox vs Starboard capital. We need to break out of the vice-grip Wall Street has on public companies. The Long Term Stock Exchange is one such initiative but I think co-operatives are another way that should be popularized further. Problem is, it becomes really hard to capitalize without Wall Street money.
- kopo 8y agoWall Street money is just the money of 1%. The 1% need to get on board.
- callalex 8y agoAs well as every pension/retirement fund of the rest of us...
- kopo 8y agoThese are "Passive" investors. Wall Street doesn't care about them. Reality reflects it.
- mruts 8y agoThat's just not true at all. Everyone's money goes into the same pot. And "passive" investments are essentially just crowd-sourced active investments.
- kopo 8y agoFor every dollar passive investors produce in the market active investors produce 22. Who do you think is paid more attention too?
- pnutjam 8y agoI'd love to see a citation for that, including fees siphoned off.
- mruts 8y agoAre you saying that the total market value of active investments is 22x that of passive investments? Or are you saying that net returns of active investors are 22x higher than that of passive ones? Or are you saying that the total returns of active management is 22x that of passive returns? None of those three things are true.
- Novashi 8y agoI think Wall Street would just tell you that you shouldn't have gone public. There's not going to be a breaking of vice-grips -- sudden and monumental actions -- because the banks would tank the economy just to get political leverage by threatening average Americans' asset values. Then they put the vice grips back on. If you want to do something about that, it's going to take a while. FWIW capitalism has a lot of things wrong with it in the information age, but if you want to start blowing up major foundations, don't expect the interested parties to take it lying down and give you a fair fight.