idoby
Joined 8 years ago
Joined 8 years ago
Damn it, where the hell do I sign up?
The cooking analogy is good but here's an IMO better one - would you make a movie if you knew for certain nobody would ever watch it? I wouldn't.
You want to get a PhD - why? Is the PhD a mountain to climb or is it a pair of boots that will let you scale a mountain? Both answers are legit, but I think you do need to agree with yourself on one.
Motivation ex nihilo doesn't exist. Humans are goal-driven and averse to spending time on teleologically neutral things (enjoyment of the activity itself is, of course, a legit end on its own).
Regulators don't work "for investors", they work for lobbyists, they want to keep the markets running, and for any given policy, someone will win and someone will lose.
I don't see how the Hertz decision is any different, except I do see how taking the opposite position can hurt the markets, either by creating a chilling effect on low-mktcap companies listing or by creating uncertainty in the legal environment, which investors really don't like.
Just look at the number of Israeli companies who won't list in their home turf, TASE, or companies who have and pulled out. A lot of it has to do with TASE imposing unreasonable requirements. Otherwise raising money domestically would be a no-brainer.
If you're buying indices then you have explicitly given up control of a portion of your portfolio to them, and they can lose money as well as gain. Sounds to me like you're just complaining because you lost money because of this move, but symmetrically speaking, you could have gained.
And to be clear, I'm not long or short Hertz and have never been (unless some index or fund I'm holding happened to buy their stock).
My only advice would be: the founder mindset is very different to the employee mindset, and you'd have to take that into account, and, don't quit your CS degree if you're within 1 year of graduating.
Do you think people would read this though? Maybe in blog form?
https://en.wikipedia.org/wiki/Tuesday