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by jkhanlar
786 days ago
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https://youtu.be/FID0BLkZXuY?t=2058s > 34:24 "Markets are efficient because of active managers setting the prices of securities, firms like Citadel, firms like Fidel.....lity (Fidelity) [...] trying to drive the value of companies towards where we think they should be valued." - Kenneth Cordelle Griffin, Citadel Securities, November 2023 I thought Amazon was a public company, not private, and since supply and demand is dead and real price discovery is gone, that unless it becomes a private company it likely will not survive, unless there are enough retail investors to DRS directly register shares in their name so that DTCC (Depository Trust and Clearing Corporation) and Cede & Co do not hold all the assets for retail in street name to then bankrupt and collect all the assets leaving retail investors holding worthless securities, but I don't see that Amazon is private? Maybe I missed something that happened and it's a private company now? |
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Parks, libraries and military bases are publicly owned. Amazon is a private company whose shares are publicly traded.
> since supply and demand is dead
This is wrong.
> so that DTCC (Depository Trust and Clearing Corporation) and Cede & Co do not hold all the assets for retail in street name to then bankrupt and collect all the assets
This is nonsense. (For starters, not how bankruptcy works.)
> Maybe I missed something
Mankiw’s Principles of Economics is a well-regarded introductory text [1].
[1] https://en.m.wikipedia.org/wiki/Principles_of_Economics_(Man...