{"id":16573,"date":"2026-02-24T19:39:08","date_gmt":"2026-02-25T03:39:08","guid":{"rendered":"https:\/\/familyenterpriseusa.com\/?p=16573"},"modified":"2026-02-24T19:39:15","modified_gmt":"2026-02-25T03:39:15","slug":"changing-public-markets-and-the-impact-for-average-investors","status":"publish","type":"post","link":"https:\/\/familyenterpriseusa.com\/family-businesses\/changing-public-markets-and-the-impact-for-average-investors\/","title":{"rendered":"Changing Public Markets and the Impact for Average Investors"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.16″ custom_padding=”22px|||||” global_colors_info=”{}”][et_pb_row admin_label=”CTA” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ collapsed=”on” global_colors_info=”{}” sticky_enabled=”0″][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_divider color=”#397389″ divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_cta title=”Policy Is Moving. Add Your Voice Now.” button_url=”https:\/\/familyenterpriseusa.com\/2026-annual-family-business-survey\/?utm_campaign=2026AFOBS&utm_medium=CTA&utm_source=FEUSActa&utm_content=FEUSActa&utm_id=2026AFOBS” button_text=”Real influence starts with real input. Take a few minutes to weigh in.” disabled_on=”off|off|off” admin_label=”Call To Action Top” _builder_version=”4.27.5″ _module_preset=”default” header_font_size=”22px” background_color=”#397389″ custom_button=”on” button_bg_color=”#ff0019″ custom_margin=”-17px|||||” custom_padding=”16px||19px|||” global_module=”9695″ saved_tabs=”all” global_colors_info=”{}”][\/et_pb_cta][et_pb_divider color=”#397389″ divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_5,3_5,1_5″ admin_label=”Author Byline” _builder_version=”4.24.3″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/www.brownandstreza.com\/davidkeligian” link_option_url_new_window=”on” collapsed=”on” global_colors_info=”{}”][et_pb_column type=”1_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/familyenterpriseusa.com\/wp-content\/uploads\/2026\/02\/Zoom-Webinar-bank-ozk.jpg” title_text=”Bank OZK” _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” alt=”Bank OZK” sticky_enabled=”0″][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Author” _builder_version=”4.27.5″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

By Jordan Waldrep<\/a>
<\/strong>Chief Investment Officer<\/em>
Bank OZK<\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” collapsed=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_video src=”https:\/\/www.youtube.com\/watch?v=UPTs14zx0L4″ disabled_on=”on|on|on” _builder_version=”4.27.5″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” disabled=”on” sticky_enabled=”0″][\/et_pb_video][et_pb_text admin_label=”1″ _builder_version=”4.27.5″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

The landscape of public markets in the US has undergone a profound change over the past 30 years with a significant reduction in the number of publicly traded equities.<\/strong><\/h2>\n

 <\/p>\n

This has been driven by many factors including the rise of globalization, the changing costs and burdens of initiating\/maintaining public listings, more sophisticated capital markets, and even low cost of trading for investors among other factors. However, one of the most important changes that has fundamentally shifted the way companies view the appeal of listing publicly has been the rise of private equity and the commensurate shift of companies out of the public market.<\/strong> <\/em><\/h3>\n

 <\/p>\n

Taken as a whole, the companies listed on public exchanges today have very different investment characteristics than they did in the past. That change has a real impact on long-term investor portfolio performance. All investors need to understand this and adjust expected returns in the public market while acknowledging that perhaps the only way to achieve the levels of long term returns historically associated with public equities is to incorporate private equity into their portfolios.<\/p>\n