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The older I get the more I hate publicly traded stock. Early on it seems like it had a positive advantage for companies, but here in the fully matured market we
by sircastor 3y ago
The older I get the more I hate publicly traded stock. Early on it seems like it had a positive advantage for companies, but here in the fully matured market we find that it just screws up all the incentives. Every company imaginable stops being what they are: A computer company, a cookie company, a toy company, an internet provider, a movie studio, etc. They all just turn into a single, stupid thing: A stockholder appeasement company.
Their singular goal becomes making stockholders (more accurately market analysts) look favorably at them. I hate it so much.
- brianwawok 3y agoSo what is the alternative? You can have a fully private company.. but most of those focus on squeezing cash out. A few are more "benefit the world" style which is great, but I don't think its the popular thing. The biggest drawback is stock investors are too short sighted, and value things that are good for 1 quarter and bad for 10 years.
- kridsdale3 3y agoSomehow get companies to be like Valve.
- Fire-Dragon-DoL 3y agoI'm not the only one who thinks that. Whatever happened with Valve, it should be repeated
- nine_zeros 3y ago> So what is the alternative? That shareholders and execs accept a few quarters of low/no growth? Infinite growth quarter-over-quarter is madness.