Phone: $70 for the T-Mobile Unlimited Plan. He would like to spend less but
After hours of binging television and wine, she almost forgets she’s due to pick up one of the junior partners. She receives a DUI at four in the afternoon. She is called into the senior partner’s office. He is furious.Downstairs, she deals with the junior partners of the firm. There’s Callie, the perfectionist: Every sandwich must be cut into triangles. Then there’s Andrew, the tyrant. His lunch order is always a PB&J, crusts cut off. What an asshole.“Removing the owner’s ability to replace or upgrade memory on a Mac Mini seems like a net loss for the owner and a circular economy,” Purdy said. It increases the odds that the Mac Mini will end up in a landfill sooner, and it’s one more step toward a less repairable Mac lineup.
Deb is in charge of the scheduling for all the junior partners and sometimes the senior partner of the firm. On today’s agenda is band practice for Callie, fencing for Andrew, soccer for both of them, and an ear nose and throat doctor’s appointment for God knows who.
College Debt Repayment: $393, the average cost for adults between ages 20–30. Weird that this cost never seems to appear in other articles about money-spending, right? It’s like they only talk to people who had full-rides or rich parents.
In the years since, I’ve assembled an incredible team to make that idea a reality: a public market that supports capital formation while sustaining long-term thinking. Today, after months of booting up, I am thrilled to report that the Long-Term Stock Exchange has opened for business with a mission to support companies and investors who share a long-term vision.
Although Deb has been with the company for fifteen years, she’s begun to grow weary of her position. There’s just no chance for upward mobility. She longs for a promotion, perhaps to the coveted role of “Working Mom.” But the boss would never go for that. Still, she takes to the computer to search for something that reflects her previous studies in American horticulture and anthropology. Perhaps a landscaper, or even a small-time paleontologist, or even her dream job: an archeological perennial specialist.
The Mac Pro, for comparison, allows users to add or replace memory, expansion cards, and storage. These upgrades are explicitly endorsed with step-by-step instructions on Apple’s website. And while it makes sense for professional workstations to get regular upgrades, repairs aren’t a pro feature.
She opens her browser. She imagines herself digging, planting things, unearthing things. Then she goes and cleans the bathroom because Andrew is not yet suited to the new commode.
He tried not having internet at all and only using his phone, but he received another ‘talk’ from his boss about how ‘at-home internet isn’t technically required, but you have to be able to work from home as needed.’
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They described the immense pressure on companies to pursue short-term results over creating value for future decades and generations. They described innovation held hostage by boom-bust cycles, abrupt changes in governance, struggles to maintain constancy of purpose, and the difficulty for public companies in knowing who their long-term shareholders even are. One of the few things that pretty much everyone agreed on is that the focus on the short term undermines the building of sustainable businesses.
Deb wakes up already dressed in uniform. She turns to her boss laying next to her and smiles. She’s always been an employee with a positive attitude. She begins her daily responsibilities with the most pressing of her employer’s issues: that pesky morning wood.
“Removing the owner’s ability to replace or upgrade memory on a Mac Mini seems like a net loss for the owner and a circular economy,” Purdy said. It increases the odds that the Mac Mini will end up in a landfill sooner, and it’s one more step toward a less repairable Mac lineup.
After hours of binging television and wine, she almost forgets she’s due to pick up one of the junior partners. She receives a DUI at four in the afternoon. She is called into the senior partner’s office. He is furious.
Nine years ago, I proposed the idea of a Long-Term Stock Exchange in the epilogue of my book The Lean Startup. The objective was to create a public market designed for trading the stocks of companies organized to sustain long-term thinking.
The concept arose from the many conversations I had while researching the book. I heard from fellow company founders and executives, long-term institutional investors, managers, workers and others, who all told me their stories about the problems we see in the public capital markets today.