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I wanted to wrap up the year by writing about something I have been thinking about for the last few months:
Who owns the best businesses in the world?
I am trying to draw a line from inherited wealth of feudal lords to community-owned services with tokens.
The last 1,000 years can be roughly split into two 500-year chunks: feudalism & capitalism. Feudal lords controlled all of the land, farms, buildings and capital. This was passed down inside families and never distributed to the workers.
Capitalism totally changed that.
Risk, reward and ruin were separated when joint-stock companies became more common. The prerequisite for successful entrepreneurship shifted from inheritance to initiative.
People without wealth could access it and start new ventures.
Founders started founding new companies.
Equity compensation kicked off in the 1950s but it really went into overdrive when it was mixed with high-growth technology companies backed with high-risk equity bets. Silicon Valley perfected the art. Employees at many of the most successful technology companies became owners.
The SEC did two huge things this year. They raised the crowdfunding limit to $5m and introduced a proposal to allow gig workers to receive stock.
I predict that we will see competitors to Airbnb, Uber and DoorDash all take advantage of this
I wanted to wrap up the year by writing about something I have been thinking about for the last few months:
Who owns the best businesses in the world?
I am trying to draw a line from inherited wealth of feudal lords to community-owned services with tokens.
The last 1,000 years can be roughly split into two 500-year chunks: feudalism & capitalism. Feudal lords controlled all of the land, farms, buildings and capital. This was passed down inside families and never distributed to the workers.
Capitalism totally changed that.
Risk, reward and ruin were separated when joint-stock companies became more common. The prerequisite for successful entrepreneurship shifted from inheritance to initiative.
People without wealth could access it and start new ventures.
Founders started founding new companies.
Equity compensation kicked off in the 1950s but it really went into overdrive when it was mixed with high-growth technology companies backed with high-risk equity bets. Silicon Valley perfected the art. Employees at many of the most successful technology companies became owners.
The SEC did two huge things this year. They raised the crowdfunding limit to $5m and introduced a proposal to allow gig workers to receive stock.
I predict that we will see competitors to Airbnb, Uber and DoorDash all take advantage of this
SEC: proposed pilot program to allow tech companies to pay gig workers up to 15% of their annual compensation in equity rather than cash https://t.co/EJjLWQatcr
— Jesse Walden (@jessewldn) November 24, 2020
Beta items! Mystery shell, full set of 6 magic spells and magic arrows, silver bracelet, note-shaped ocarina stones, and other fun changes.
Oh yeah, that leaf-looking thing is equally mysterious. At least the shell might be bombchus, but I have no idea what that one is.
wait it's obviously magic bean smh
Apparently not!!!!!
Some item/place names that I can't read.
Oh yeah, that leaf-looking thing is equally mysterious. At least the shell might be bombchus, but I have no idea what that one is.
wait it's obviously magic bean smh
Apparently not!!!!!
I think it\u2019s the reed whistle thing that was used to call Epona pic.twitter.com/2c4zpFoPZh
— part6never (@justaguywhodraw) January 19, 2021
Some item/place names that I can't read.
#cdsl now trading at 817 from 789..
More fireworks yet to come above 827 BO
This is power of AOV analysis feature.
More fireworks yet to come above 827 BO
This is power of AOV analysis feature.
#Areaofvalue analysis#CDSL
— SSStockAlerts (@ssstockalerts) May 6, 2021
Buy near 21 SMA support. This stock respects 21 SMA for 84% time. Backtested for last 1 year.
Candle size is getting smaller and volume also less then avg volume.
Any time it can reverse from here.
Help/Supporthttps://t.co/rRCfjf3KIi pic.twitter.com/KGyyAAQ1tV
#Bhel up 5% since post
It crossed 63, now price action important, if sustains above 63, can possibly head towards 69-75 zone
RSI looking bullish
Not a trading call , academic post https://t.co/0IAjXZ5C88
It crossed 63, now price action important, if sustains above 63, can possibly head towards 69-75 zone
RSI looking bullish
Not a trading call , academic post https://t.co/0IAjXZ5C88
#BHEL monthly chart, if the stock is able to trade above 60-63 zone, we may see significant upmove in this stock, Monthly RSI is 50+ & moving up.
— Techno Prince (@Trader_souradep) May 10, 2021
Not a trading call, academic post pic.twitter.com/VuBoKJvbmn
1. Wuhan Sewage Document Dump (Ignore the Smell)
58 Pages - Wuhan Wastewater and Stormwater Management Project
https://t.co/AyEx8UqqVK
2. Wuhan Wastewater and Stormwater Management Project (Financed by the Technical Assistance Special Fund)
1062 pages of
3. ADB projects:
https://t.co/mV8BznlCNz
ADB documents:
https://t.co/oMwyTeNn6f
ADB
4.
5. Can't download this, anyone
58 Pages - Wuhan Wastewater and Stormwater Management Project
https://t.co/AyEx8UqqVK
2. Wuhan Wastewater and Stormwater Management Project (Financed by the Technical Assistance Special Fund)
1062 pages of
3. ADB projects:
https://t.co/mV8BznlCNz
ADB documents:
https://t.co/oMwyTeNn6f
ADB
4.
5. Can't download this, anyone