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$LONG-TERM-STOCK-EXCHANGE · The Lean Startup Author on What Ruins Good Companies
now playing · $LONG-TERM-STOCK-EXCHANGE
LTSE petitions SEC to replace quarterly reporting with semi-annual plus richer disclosure
Academic research from natural experiments shows quarterly reporting destroys ~5% of equity value because managers optimize for the quarterly report rather than long-term value cr…
$ANTHROPICbullish· higheric ries
Anthropic's long-term benefit trust governance model makes mission lock durable
Anthropic adopted a PBC with a long-term benefit trust — a multi-branch governance structure where the for-profit board is accountable to an independent trust — which data shows m…
$COST···bullish· higheric ries
Costco's mission-driven low-price model creates durable competitive moat
Costco deliberately foregoes short-term margin expansion (e.g., keeping $1.50 hot dog, not raising ketchup 3 cents) because extractive pricing creates a 'heroin' cycle that erodes…