Eric Ries

Long-Term Stock Exchange: list where you're rewarded for thinking long

Shaan describes Eric Ries's Long-Term Stock Exchange, a new exchange designed to kill the quarterly-earnings treadmill by forcing shareholders to hold stock for over a year, eliminating day traders and short-term incentives.

“He's like, but what if there was a stock exchange you could list on where you were incentivized to do long-term things? So they have some rules around it where it's like you have to hold the stock for over a year. So there's no short-term trading. Gets rid of the day traders, the quantitative trading.”