One big backward step for the market
ANALYSIS: The falling number of listed companies may be driven by myths about the returns from private capital.
The belief in higher returns from private capital is widespread.
If you were to pick the most important human advances over the last, say, 100 years, what would they be? Medicine? Computing? Flight? TV? Here’s one that should be on the list – the stock exchange.
Of course, public stock markets have been around longer than that, but their development has been
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