Conversation

Notices

1. LS (lain@lain.com)'s status on Wednesday, 20-Dec-2023 18:32:44 JST LS
   @alci there’s no difference for the shareholder
   • cjd (cjd@pkteerium.xyz)'s status on Wednesday, 20-Dec-2023 18:57:25 JST cjd

     in reply to
     Tax advantaged because governments that aren't total banana republics agree not to tax unrealized capital gains.
     
     I think the problem is more quarterly reports. Shareholders would LIKE to know if they're buying a company that is going to go down the drain in 5 years and leave them high and dry, but how do you put brand value and goodwill on a balance sheet?
     
     If everybody just looked at these hard-to-pin-down metrics to see if a company is "investing in the long term", then clever & unscrupulous CEOs could make any company look good, even if it's long term outlook is bankruptcy.
     
     So shareholders have learned to say "are ya makin' money?" and CEOs end up throwing these less tangible things under the bus in order to be able to say "yes".
     
     But this is a market inefficiency, so if you can find a way to determine the long term outlook of a business, in theory you can make money on the market*.
     
     *except the whole market is completely rigged because FUCK CENTRAL BANKS
     LS likes this.
   • cjd (cjd@pkteerium.xyz)'s status on Wednesday, 20-Dec-2023 19:12:44 JST cjd

     in reply to

     • cjd
     Somewhat related to the first point, you can take a fixed income asset and convert it into a no-income asset using a smart contract:
     
     1. Sell tokens to raise money to buy the fixed asset
     2. Fixed income is earned every month and goes in a pot
     3. At any time, someone can offer their token(s) in exchange for some amount of money from the pot. When the pot has enough money, then the active asks are paid out in order of favorability to the group.
     4. When only one person is left holding tokens, they become owner of the underlying asset.
     LS likes this.