4 ms·
> adopt corporate governance that aligns their behavior and incentives to the long term. What does this mean? What quantitive measures are you using to qualify
by dangerface 6y ago
> adopt corporate governance that aligns their behavior and incentives to the long term.
What does this mean? What quantitive measures are you using to qualify long term incentives and behaviours?
No offence but you don't seem to have an answer to this question.
For example is RDSA long term? They have been around for ever and people will need cars and oils for the forseable future at least 10 years is this long term? What happens when the oil runs out / global warming / move to electric cars is it still long term and how long will that term end?
I need qualitative facts and figures before investing.
I buy stocks that provide value to people in a way thats scaleable and I have fixed time periods for when I expect investments to return like 5 years or 10 years.
When some one can't talk about the value their service provides and use loose terms like "long term" how long is long? This is an easy pass for me.
- eries 6y agoLeaving aside some of your odd claims, I’m happy to answer the question. Our definitions and standards are laid out in excruciating detail in our hundreds of pages of legal filings. Here’s a good place to start if you are interested: https://www.sec.gov/rules/sro/ltse/2019/34-86327.pdf https://www.sec.gov/rules/sro/ltse/2019/34-86327.pdf Also this may be of some interest: https://longtermstockexchange.com/static/principals_for_lt_success_white_paper-52e153e1e0be49bd178f74475f274ef0.pdf https://longtermstockexchange.com/static/principals_for_lt_s...
- rytill 6y agoYou don’t have any key ideas that you can express without linking to “hundreds of pages of legal filings”? His claims are not odd at all, you really haven’t put any effort into distilling the incentive design. It’s not impossible to express complex incentive design or push readers in the right direction to understand this. What is the essence of what is quantitatively or contractually different about LTSE?
- terminalcommand 6y agoThe first link seems to be a 14-page memo and the second link a 28-page marketing document. As someone who writes these docs for a living, don't be afraid to read the legal stuff. It's just text.
- rytill 6y agoI’m more flummoxed by the suggestion that expressing the basic idea concretely would be too hard than I am scared of reading a legal document.
- eanzenberg 6y agoSnake oil is snake oil.
- eries 6y agoMaybe start with the summary? https://longtermstockexchange.com/listings https://longtermstockexchange.com/listings Or the white paper: https://longtermstockexchange.com/static/principals_for_lt_success_white_paper-52e153e1e0be49bd178f74475f274ef0.pdf https://longtermstockexchange.com/static/principals_for_lt_s... Or the rules themselves: https://www.sec.gov/rules/sro/ltse/2019/34-86327.pdf https://www.sec.gov/rules/sro/ltse/2019/34-86327.pdf
- edoceo 6y agoThe second link, shows this on the second page ""Long-term focused companies should measure success in years and decades and prioritize long-term decision-making"" So, maybe the short answer is that? And the longer answer is 28 pages laying out details.
- aisofteng 6y agoIndeed, often legal language is left as open to interpretation when new so that the manifestation of reality can polish it over time. This is a new venture; being imprecise about “long-term” now is, in my interpretation, the right move, because it should be refined over time based on how this all plays out. The idea is good, in my opinion, and will develop over time to become more concrete, most likely.
- dangerface 6y agoThe principals for it success white paper was what I was looking for, thank you.