the human stock exchange: a tedxaix talk
DESCRIPTION
Laetitia Puyfaucher, CEO of Pelham Media Ltd. gave a TedxAix talk on May 9, 2014. The theme of the Tedx event: "Disruptive Leadership Education."TRANSCRIPT
HUMAN STOCK EXCHANGE
© P
elha
m M
edia
Ltd
. Lae
titia
Puy
fauc
her’s
talk
at T
edxA
ix. M
ay 9
201
4.
SOURCE: MFS INVESTING SENTIMENT SURVEY
« I think they make investment products overly complex to confuse the average investors. »
AGE 35- AGE 68+
40 %
45 %
© P
elha
m M
edia
Ltd
. Lae
titia
Puy
fauc
her’s
talk
at T
edxA
ix. M
ay 9
201
4.
SOURCE: MFS INVESTING SENTIMENT SURVEY
« I will never feel comfortable investing in the stock market. »
Nov. 13AGE 35- AGE 68+
23 %
46 %
© P
elha
m M
edia
Ltd
. Lae
titia
Puy
fauc
her’s
talk
at T
edxA
ix. M
ay 9
201
4.
-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.
© P
elha
m M
edia
Ltd
. Lae
titia
Puy
fauc
her’s
talk
at T
edxA
ix. M
ay 9
201
4.
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).
© A
P
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
© P
elha
m M
edia
Ltd
. Lae
titia
Puy
fauc
her’s
talk
at T
edxA
ix. M
ay 9
201
4.
billi
on in
vest
ed (i
n $)
2009 2010 2011 2012 2013
5,1
2,7
1,50,85
0,53
The crowdfunding
SOURCE: MASSOLUTION
BOOM
© P
elha
m M
edia
Ltd
. Lae
titia
Puy
fauc
her’s
talk
at T
edxA
ix. M
ay 9
201
4.
© D
arga
ud. H
uman
Sto
ck E
xcha
nge
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
© G
etty
Imag
es @
Fan
tex
“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
© P
elha
m M
edia
Ltd
. Lae
titia
Puy
fauc
her’s
talk
at T
edxA
ix. M
ay 9
201
4.
Nicholas Felton infographic designer, co-founder of Daytum.com and
publishing its own annual reports since 2005
© S
tatic
Pho
togr
aphy
7tips to succeed your self IPO
© P
elha
m M
edia
Ltd
. Lae
titia
Puy
fauc
her’s
talk
at T
edxA
ix. M
ay 9
201
4.
© J
. Sco
tt A
pple
whi
te/A
P
© P
elha
m M
edia
Ltd
. Lae
titia
Puy
fauc
her’s
talk
at T
edxA
ix. M
ay 9
201
4.
© P
ete
Souz
a W
hite
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se
© S
penc
er T
unic
k, M
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h 6.
2 (B
ayer
isch
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), 20
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