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Peak Wall Street?

Discussion in 'TSLA Investor Discussions' started by Sancho, Aug 9, 2018.

  1. Sancho

    Sancho Member

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    Musk has a knack for disrupting entire industries. He may just have started toppling another one, arguably just as prime for toppling as oil: the Wall Street bankers, brokers, and their sidekicks (rating agencies, analysts, etc).

    If this going private transaction sails through, it may inspire a new generation of entrepreneurs that shun the greedy manipulations and rent seeking of Wall Street and go directly to individuals, mostly wealthy and connected, but also directly to the "little guys", without charging fees and commissions.

    Really, in the Internet age of interconnection and transparency and information, does Wall Street continue to provide a service commensurate with the huge salaries they command?

    The times they are a-changing.
     
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  2. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Well-Known Member

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    Number of public companies is decreasing, but partly its because of consolidation. Overall the public:private money ratio is decreasing, but public is still dominant.

    If private is growing, part of it could be another effect of modern communications and the Internet. It's much cheaper and easier to communicate, to find and to be found. Venture capitalism even became televised.
     
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  3. Johann Koeber

    Johann Koeber Member

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    There is a reason for public tradeable assets. Securities markets are important for a functioning economy.

    The brokers, rating agencies, business news media have grown around these markets, providing information (and sometimes entertainment). They have gone a bit too far (in my view) - their purpose is not fulfilled, because they have a hidden agenda. Not all, but some of them. This is to be critisized. Don't overshoot and kill the trading of stocks. It's just the secondary effect that sucks.
     
  4. neroden

    neroden Happy Model S Owner

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    It's already happened. There are a lot of articles about this already.

    It's an unfortunate side effect of the concentration of wealth. Why go to the public stock markets when 100 billionaires have all the money anyway?

    In a sense, nearly all the good companies are privately held now. It's kind of killing my entire career as a common stock investor.
     
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  5. Unpilot

    Unpilot Active Member

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    The Stock market is really the only way for the small investor to "create" enough wealth so one can actually retire.
    Even as the rent seekers and the talking heads on the CNBC's and Bloomberg's make the land a filthy stinky place to walk.
     

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