Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
"to pass the bad, or depreciating, half-crown to the other fellow"
"make the purchase of an investment permanent" ie less liquid

For which I'd like to know the answer...

Ignoring the practicalities of changing well-established markets, what instrument could society use to promote corporate enterprise and reduce individual or grouped speculation?

You can't be me, I'm taken

by Sven Triloqvist on Fri Dec 22nd, 2006 at 08:05:14 AM EST
[ Parent ]
Well, they could do what the entire Canadian market has done ie Companies can bung that part of their gross revenues which is in excess of "costs" into a legal wrapper and sell them off to investors in the form of "units".

So that investors get their hands on revenues BEFORE the management does. It makes the investment far less speculative.

Bugger trust law of course - a wrapper based upon French jurisprudence is better (Three Guesses what that could be), except the French haven't woken up to it, eh Jerome?

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Fri Dec 22nd, 2006 at 09:31:14 AM EST
[ Parent ]


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