I’ve just spotted that Monzo’s CEO Tom has his eyes on the Long Term Stock Exchange, which sounds like a great idea in theory, although it’s still a while away from launching.
One idea Blomfield has spotted that appeals is a long-term stock market, where investors have to hold stock for multiple years, for example. “It has attractions, and encourages long-term stable thinking,” he says, pointing to the newly founded Long-Term Stock Exchange launched in San Francisco in May. Such ideas could have merit, as the intense focus on short-term results doesn’t help society nor financial outcomes, says Bianchi. “It doesn’t make sense,” she says, calling for pressure to be put on “both asset owners and fund managers to change the way they are rewarding the value of businesses on the market.”
quote from this story
Maybe it will be one of the current generation of startups that helps it get going.
There’s a good interview with the LTSE’s founder here -