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Investors are the worst possible people to tell you how to create something great. I've never seen a notable public market investor who made the world a better
by spoonjim 5y ago
Investors are the worst possible people to tell you how to create something great. I've never seen a notable public market investor who made the world a better place.
- droopyEyelids 5y agoI want to say Carl Icon's push to separate PayPal from eBay was beneficial. Not that PayPal stock has done so well lately, but it's a real company providing a real service now, and overall the calculus is positive This doesn't really dispute your point though. Rules tend to have an exception or two.
- Traster 5y agoPaypal separating from eBay was good financial engineerings, but at the end of the day you've got two crappy companies with 1 sinking faster than the other, neither has done well since, and separately they're both too small to compete in their markets.
- chii 5y ago> I've never seen a notable public market investor who made the world a better place. which isn't their goal. Investors' goal is to earn the highest return possible on their capital they invest, and take the lowest risk possible they can get away with. Making the world a better place is something a charity does. Making money is what a company does. If the company incidentally makes the world a better place, that's great, but why does anyone expect this to happen?
- deleted 5y ago[deleted]
- eggsmediumrare 5y agoYou say this like it's the natural order. There is room for ought.
- spoonjim 5y agoIt happens a lot with private investors! Companies like Tesla and SpaceX and Apple would not exist without private capital markets.