Hacker News new | ask | show | jobs
by djeastm 436 days ago
>The high liquidity means you are beholden to thousands of people who view your company as a roulette wheel amongst thousands, who want immediate gains and have no stomach for any losses.

This sounds a lot like Warren Buffett's opinion of stocks. The Berkshire Hathaway Class A stocks are 780k each because he wanted people to act like investors, not speculators.