It makes sense to allow public investment in companies, but base it off (regulated) external valuation rather than real time supply/demand.
Have a limit on how frequently a company can get revalued (months).
Do everything possible to make it a long term investment tool and not something that can be easily gamed. This is also less stressful for the individual investor — most people I know who trade stocks also check the stocks 10+ times per day and it occupies such a large area of their headspace.
Is that not the SEC and Generally Accepted Accounting Principals (GAAP)?
> Have a limit on how frequently a company can get revalued (months).
Is that not quarterly reports and earnings filings?
> Do everything possible to make it a long term investment tool and not something that can be easily gamed
Your suggestion was to delete it. One suggestion I've heard is to increase the transaction price, and marginally increase it with trading volume by the given actor. Micro-transactions become too expensive to be profitable.
Have a limit on how frequently a company can get revalued (months).
Do everything possible to make it a long term investment tool and not something that can be easily gamed. This is also less stressful for the individual investor — most people I know who trade stocks also check the stocks 10+ times per day and it occupies such a large area of their headspace.