
One Person, One Vote+
This month's we discuss wealth creation for Intellectual Capital+. Unpredictable R&D+, our target investment, is an extreme form of Intellectual Capital, in that we don't know when or how it will be commercially exploited.
These are for the most part intangible assets. Wealth creation within these assets is similarly intangible. There are no physical manifestations of these assets equivalent in value to the wealth they get assigned. Investors need to get into the minds of those creating the Intellectual Capital to appreciate the validity of this created wealth. This only really happens within a community of investors. And our community must consist of citizen-investors, each citizen having the vote (and only one vote).
The home page articles give the big picture. Editors' Picks provide many of the operational details. See Separation of Voting Rights from Cash Flow for an explanation of how the one person, one vote rule can be justified in a financial world filled with investors of every economic strata.
September 2011 Home Page