this post was submitted on 17 Jun 2023
1159 points (98.7% liked)

Lemmy.World Announcements

29099 readers
5 users here now

This Community is intended for posts about the Lemmy.world server by the admins.

Follow us for server news ๐Ÿ˜

Outages ๐Ÿ”ฅ

https://status.lemmy.world/

For support with issues at Lemmy.world, go to the Lemmy.world Support community.

Support e-mail

Any support requests are best sent to [email protected] e-mail.

Report contact

Donations ๐Ÿ’—

If you would like to make a donation to support the cost of running this platform, please do so at the following donation URLs.

If you can, please use / switch to Ko-Fi, it has the lowest fees for us

Ko-Fi (Donate)

Bunq (Donate)

Open Collective backers and sponsors

Patreon

Join the team

founded 2 years ago
MODERATORS
 

Wow. Front page of huffpost.com right now. Interesting...

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 8 points 1 year ago

Not always, but it is when you go public. I work a lot at small businesses, lots of them have shareholders who are mostly hands-off, or would prefer a more conservative approach to protect their investment.

People who invest in non-public businesses are usually in for the long haul, and come with much greater risk.

But when you go public, your business just comes a commodity, nothing but a vehicle for a fund manager to use to try and get a higher return for their clients so they get more business and commission.

In theory, it's a really democratic system, but the reality is that we've lost track of what an investment is meant to be, and the number of private individuals actually holding shares in a company directly is very low, it's mostly fund managers who literally just want to pump their numbers for a few years, because long term, they never really beat the market.