Your stocks portfolio took a 50% dive; it blew you to smithereens. Don’t fret! The markets do come back home to roost. This hurdle is a mere speed-bump, and you lose your sleep over it. Not worth the headache.
The global financial capital markets are in a tumultuous free fall due to predecessors favouring short-term profits over long-term gains. That’s how mysterious “they made it that way” is the only excuse the society gravitates towards accepting the status quo.
It’s a false notion that has brought about the demise of many enterprising corporations to a swift end. As the late Steve Jobs used to say, “you can only connect the dots looking backwards.”
The 2008 financial crash brought about colossal changes to the financial services, whereby a new breed of financial technology companies, aka ‘fintech,’ startups made their foray into reforming the broken fiscal system, which had systemic risks artificially baked into it.
Most sane corporate executives are blowing the long-term thinking horn because they have realized that short-term, quarterly cadence pressure puts a damper on unlocking the true monetary value of a business.
Many of you may not have heard of LTSE yet. Long-Term Stock Exchange(LTSE) is a challenger stock exchange focused on solving the dreaded short-term problem by enforcing a corporation’s hand to a binding agreement toward long-term success. Full disclosure: Longtrepreneur has no financial, personal, or professional interest in mentioning the LTSE.
When these new breeds of fintech startups successfully build the reimagined financial layer of the society, it will move the short-term laden financial system to the curb, making way for the new and equalized financial services.
The annals of the corporate world, industry pundits, end-users and onlookers are watching to see how all this plays out. We are rooting for anyone in the financial sector trying to bring about a progressive change that the world deserves.
Photo by Annie Spratt on Unsplash
