The Human Stock Exchange: a TedxAix talk

HUMAN STOCK EXCHANGE

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SOURCE: MFS INVESTING SENTIMENT SURVEY

« I think they make investment products overly complex to confuse the average investors. »

AGE 35- AGE 68+

40 %

45 %

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SOURCE: MFS INVESTING SENTIMENT SURVEY

« I will never feel comfortable investing in the stock market. »

Nov. 13AGE 35- AGE 68+

23 %

46 %

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-35 35-44 45-54 55-64 65-74 75+

20,2 %19,1 %21,3 %

18,6 %17 %

13,7 %

Direct holding by age group in the US

SOURCE: US BUREAU, STATISTICAL ABSTRACT. FACTA MEDIA.

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SOURCE: US BUREAU, STATISTICAL ABSTRACT. FACTA MEDIA.

Evolution of direct or indirect holding by age group in the US

1989 1992 1995 1998 2001 2004 2007

60%

50%

40%

30%

55%

45%

35%

25%

ALL AGES

<35

des villes“Within a firm, these markettransactions are eliminated and in placeof the complicated market structure withexchange transactions is substitutedthe entrepreneur-co-ordinator,who directs production.”

Ronald Coase 1910-2013. The Nature of the firm (1937).

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Relative valuation of Instagram

In April 2012,Instagram was sold to Facebook

for $1 billion.

Instagram In April 2012, Kodakhad a market capof $77 million.

Kodak

#employees: 13# of years: 1,5

#employees: 17 000# of years: 131

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The crowdfunding

SOURCE: MASSOLUTION

BOOM

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1997 1998 1999 2000 2001 2002 2003 2005 2007 20092004 2006 2008 2010 2011 2012 2013 2014

> DAVID BOWIE $55 million • life: 10 years Credit rating AAA by Moody’s

> HOLLAND-DOZIER-HOLLAND $30 million • Issue date: 1998 life: 15 years

> JAMES BROWN $26 million • Issue date: 1999 Credit rating: single "A" lawsuit when he died

> IRON MAIDEN $30 million • Issue date: 1999 life: 10 years

> ROD STEWART $15.4 million • Issue date: 1998 life: 10 years

> ANNIE LEIBOVITZ $24 million • Issue date: 2008 Lawsuit in 2009

> VERNON DAVIS 421,000 shares • $10 each

Issue date: April 28 2014 • 10% cut of Davis' future earnings

> DYLAN AND NEIL DIAMOND 2011: cancelled

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“The purchase of such ‘stock’would be profitable as long asthe expected return on investmentin training exceeded the marketrate of interest.”

Milton Friedman & Simon Kuznets 1954  -­‐  Income  from  Independent  Professional  Prac7ce

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Nicholas Felton infographic designer, co-founder of Daytum.com and

publishing its own annual reports since 2005

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Back the

next generation.

SOURCE: PAVE.COM

7tips to succeed your self IPO

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