[JumpCrisscross]

> I would force all assets to have a valuation every year, and published in a register, and allow anyone else to buy any of those assets for the declared value

This would make investment bankers and lawyers happy and nobody else.

Note that any company with a '40 Act investor already has public valuations per those investors' opinions published--it's how you get "Fidelity marks down value of Twitter stake again" headlines [1].

> this whole idea of "unrealised gains/losses" goes away

As does the entire American private capital market, including small business, since illiquid investments now become punitively expensive to hold.

The more I think about it, the more impressive this proposal becomes in terms of solving almost zero problems while actively making the problem worse in different ways.

[1] https://www.reuters.com/technology/fidelity-marks-down-value...