Recent comments in /f/dataisbeautiful

pale_blue_dots t1_j2z9wa8 wrote

Reply to comment by TrueBirch in 2022 Asset Return [OC] by rosetechnology

I'm not arguing against that necessarily. Sure, that is good to do and know as an option. It's also good to be aware of the other mechanisms and functions that may be at play.

At the bottom of this comment is a research paper that speaks to the importance of having a robust, honest, factual, accurate corporate voting system if you're interested. If we don't have that, then (as you can read from that paper), companies can be entirely destroyed or "forced" to do things that the majority do not want done/performed. It goes against the very foundation of democracy and voting.

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pale_blue_dots t1_j2z8zys wrote

Reply to comment by AftyOfTheUK in 2022 Asset Return [OC] by rosetechnology

> It would be odd if it was unusual. It's not unusual though, so no it's not odd

The fact more votes come in than shares is odd and counter to every principle democracy and voting is founded upon.

>What's counter to wise investing is spending huge amounts of time on fringe issues that don't have a significant detrimental effect on you.

It's not a fringe issue, though. What are you talking about? The fact shares held in a brokerage aren't actually owned by the person purchasing them - and are lent out without people's knowledge - multiple times - is NOT a fringe issue. That word doesn't mean what you think it means.

>Oh? But it's yours?

What is here is educational information with reputable sources. You have nothing of the sort. In fact, you have emotion and subjective knee-jerk hand-waving bullshit.

>It isn't because nobody fucking cares. Because it doesn't fucking matter.

Huh? That's patently false on the face of it and just as much when learning more about it.

>But when a company with 100 million shares has 101 million shares turn up, I'm not going to get my panties in a twist.

It's on a larger scale than 1% of shares most of the time. Nevertheless, the fact you hand-waive this away - even if it were only one share - speaks to your principles and values as a basic, educated, democracy-respecting, math-respecting, reasonable person.

>The New Vote Buying: Empty Voting and Hidden (Morphable) Ownership; As published in Southern California Law Review, Vol. 79, pp. 811-908, 2006; University of Texas Law, Law and Econ Research Paper No. 53

>Corporate law generally makes voting power proportional to economic ownership. This serves several goals. Economic ownership gives shareholders an incentive to exercise voting power well. The coupling of votes and shares makes possible the market for corporate control. The power of economic owners to elect directors is also a core basis for the legitimacy of managerial authority. Both theory and evidence generally support the importance of linking votes to economic interest. Yet the derivatives revolution and other capital markets developments now allow both outside investors and insiders to readily decouple economic ownership of shares from voting rights. This decoupling, which we call the new vote buying, has emerged as a worldwide issue in the past several years. It is largely hidden from public view and mostly untouched by current regulation.

>Hedge funds have been especially creative in decoupling voting rights from economic ownership. Sometimes they hold more votes than economic ownership - a pattern we call empty voting. In an extreme situation, a vote holder can have a negative economic interest and, thus, an incentive to vote in ways that reduce the company's share price. Sometimes investors hold more economic ownership than votes, though often with morphable voting rights - the de facto ability to acquire the votes if needed. We call this situation hidden (morphable) ownership because the economic ownership and (de facto) voting ownership are often not disclosed.

You're free to provide some sourced commentary andor rebuttals from professionals in the industry about any of this at any time rather than the hand-waiving bullshittery you're making a habit of.

The fact of the matter is you don't really care for democratic foundation and principles - which is made obvious by your comments here. Just admit it. Just fucking admit it already, geez. <smh> lol

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campionesidd t1_j2z47g3 wrote

Reply to comment by johnnyhammer in 2022 Asset Return [OC] by rosetechnology

How many people invested in BTC ten years ago? Very very few. BTC’s price is dependent entirely on how much money is invested in it. This is unlike the S&P500 for example where fundamentals like earnings, cash flow, growth etc matter.

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AftyOfTheUK t1_j2z1tpe wrote

Reply to comment by pale_blue_dots in 2022 Asset Return [OC] by rosetechnology

>You don't find it odd that there's too many votes in almost all corporate elections/votes?

It would be odd if it was unusual. It's not unusual though, so no it's not odd.

The question you should be asking is "does it matter". That is to say, "is this of real consequence in my life".

>counter to competent due diligence and wise investing

What's counter to wise investing is spending huge amounts of time on fringe issues that don't have a significant detrimental effect on you.

>That's not your decision to make for people

Oh? But it's yours?

>This is financial education and information that should be common-knowledge and it isn't.

It isn't because nobody fucking cares. Because it doesn't fucking matter.

If, suddenly, a company with 100 million shares has 100 trillion votes turn up, I'll start to get worried about the future of our financial system. But when a company with 100 million shares has 101 million shares turn up, I'm not going to get my panties in a twist.

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AzzamTora t1_j2z0ri9 wrote

Reply to comment by mo_alanazii in [OC] Countries with HDI higher than 0.850. by _crazyboyhere_

Are you really flexing about the fact that Covid-19 vaccine was being given free of cost for citizens and foreigners in your country? Where else in the world did you see people struggle to get one let alone pay for the pandemic-saving WHO commissioned vaccine? I got bunch of Covid-19 vaccines back when i was in Turkey free of cost and easy online same hour appointment. But guess what, they don’t flex about how they give it out for free and how it’s easily booked for an appointment, only you guys love flexing all shit. Also you say “What does the west give to human rights” didn’t they gave the human world the same vaccine you happen to be flexing about it?

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TrueBirch t1_j2ytuz7 wrote

Reply to comment by bradland in 2022 Asset Return [OC] by rosetechnology

The problem with any investing strategy is that... you have to make an investing strategy. Keeping your cash under the mattress is as much a strategy as dumping it all into cryptocurrency. The nice thing about an index fund is that there are a bunch of methods that are tax preferred, so you can come out ahead of the mattress strategy even if the market stays flat.

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