In a series of blog posts, Albert Wenger posits that there’s plenty of capital, but
the defining scarcity of our time is attention, not capital.
Tag: Capital
What business is Wall Street in these days? [Article]
Exasperated with high frequency algorithm trading that now makes up a bulk of financial market transactions, entrepreneur Mark Cuban wonders what business Wall Street is in.
Wall Street is no longer serving the purpose what it was designed to . Wall Street was designed to be a market to which companies provide securities (stocks/bonds), from which they received capital that would help them start/grow/sell businesses. Investors made their money by recognizing value where others did not, or by simply committing to a company and growing with it as a shareholder, receiving dividends or appreciation in their holdings. What percentage of the market is driven by investors these days ?