lesam
Joined 4 years ago
Joined 4 years ago
The article seemed cool but I was only able to read 20 seconds at a time between crashes.
But generally PE does greatly improve 'efficiency', meaning they take for themselves (the owners) any 'extra' value that used to accrue to customers, lenders, employees, etc and the company becomes exactly as painful to deal with as market pressures allow.
'Transacting' requires not only identity but accountability, a completely controlled-by-you phone cannot meaningfully transact separately from you.
And some things do trade 24/7 (though I wish they wouldn't, one auction per minute during US east coast business hours would be totally sufficient for most US markets).
Why would you own them, instead of some well capitalized billionaire?
To the extent that you do have capital, why do you assume that your 'minimal direction and guidance' would outcompete a full time specialist working for that billionaire?