The Long-Term Stock Exchange Opens for Business
Congratulations.<p>&quot;We shape our buildings; thereafter they shape us.&quot; -- Winston Churchill<p>Though I barely understand such things, I&#x27;m very excited by your LTSE and Katsuyama&#x27;s Investors Exchange (IEX).<p>Listening to your interviews about LTSE, my takeaway is that your goal is to allow companies to be judged on their own merits, instead of someone else&#x27;s.<p>So one side effect may be to help migrate private equity funded companies back into the light. Terrific, right?<p>I hope others see that our markets are designed. They are human artifacts. They are not natural laws to be accepted as-is. That we can shape and nurture markets as we see fit. That the rules matter.<p>You and Katsuyama identified opportunities for improvement and engineered solutions. You&#x27;re meta-geeks. Like programmers who make programming languages, so that others might benefit.<p>Happy hunting.