- #71
Simple Minded
I'll be honest, my name says it all. I don't attest to have the education that most of you have published on this thread. I work in the financial sector and couldn't argue most of the points on this thread. The thought of a market without a "stock market" or the "communist" ideals of a constant rate (9% or whatever) versus the a free market appear to be complete.
What if we revised the question and simplified it a bit, which is ironic because that would be the basis of my new question. What if there was no centralized exchange of stock? No more centrally traded mutual funds, ETFs, or other complicated investment vehicles that are invested with 401K's, IRAs, Pension Funds, etc.
Who would suffer?
Companies could still attain capital through "private" equity and correspondingly investors could do the same; and both at market rates. Would investors become more focused? Would investment horizons become more "long-term" and less speculative (quarter to quarter)? Would companies suffer for that, or thrive? Would these Stanford Grads have difficulty raising funds for a search engine? Did they need a centralized stock exchange to get public funds for a product that was so superior at the time they issued public stock?
What if we revised the question and simplified it a bit, which is ironic because that would be the basis of my new question. What if there was no centralized exchange of stock? No more centrally traded mutual funds, ETFs, or other complicated investment vehicles that are invested with 401K's, IRAs, Pension Funds, etc.
Who would suffer?
Companies could still attain capital through "private" equity and correspondingly investors could do the same; and both at market rates. Would investors become more focused? Would investment horizons become more "long-term" and less speculative (quarter to quarter)? Would companies suffer for that, or thrive? Would these Stanford Grads have difficulty raising funds for a search engine? Did they need a centralized stock exchange to get public funds for a product that was so superior at the time they issued public stock?