Michael Mauboussin - Man + Machine, Moats, and Power of the Outside View - [Invest Like the Best, EP.37]
Invest Like the Best with Patrick O'Shaughnessy
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Is There a Higher Propensity to List Your Shares?
The number of publicly listed companies in the us is less than what it was in 19 76. We are much bigger economy with many more people, and yet we have fewer listed companies. It's basically mass for sedition and subtraction. What adds to the population are ipo and spin offs, and what subtracts from the populations essentially m and a. But there are d listings and so forth.
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