this post was submitted on 19 May 2026
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This is the fundamental difference between a privately owned and publicly traded company.
A privately owned company is likely still owned by the guy who started it or someone he's directly involved with, who is still in it either just purely for the love of the game or because he genuinely wants to create a quality name that will live on beyond him.
A publicly traded company is owned by a school of rabid pirahnas that want to shake all the loose nickels out of it, and will pursue any self-destructive tendency if it generates a short-term return.
Rich folks who got that way by being real entrepreneurs generally tend to understand the value of hard work and personability. Rich folks who got that way by trading someone else's value, don't.
There is a reason founders are generally ejected when their businesses get big enough to go public. They tend to be obsessive micromanagers who abuse their staff.
Run by, not owned. You see how BlackRock and Vanguard are listed as major shareholders for all big publicly traded companies? Those are actually made up mostly of retail investors buying ETFs. But you don't control the shares you own through ETFs and the companies managing the ETFs tend not to actively manage anything either. It's a combination of the other shareholders who control the board, and they might not even own a very big part of the company in reality.
Truth is, privately owned companies can be even worse than public, but public is basically guaranteed to be bad.