We need a new exchange that focuses on driving profits for shareholders over a longer term especially ones with wider goals. I think there is a market desire for companies that have positive social or public goals but still make sense organized as a for-profit. What we might get is less pan-flash/hyper-growth-startup-IPO and more organically grown companies with a certain amount of staying power and positive social or public goals.
Our current model of “must have quarter over quarter growth” is a good a check in theory but it’s too easy to cut corners in the short term instead of solving systemic, organizational problems which just kicks the can down the road.
Wonder if something like a one year lock in period would work.
The fundamental change seems to have been circa 1960’or so, when stocks went from being things that earned a dividend - and the dividend is where most of the return came from, to most companies reducing and then stopping dividends altogether.
I would say that remains to be seen. I think the goal is to ultimately asking incentives to longer term views instead of quarterly ones, which may end up taking a different form down the road.
Our current model of “must have quarter over quarter growth” is a good a check in theory but it’s too easy to cut corners in the short term instead of solving systemic, organizational problems which just kicks the can down the road.