The whole goal of the stock market is to come up with information that people don’t generally have (insider trading) either from research, or secret info, so you can dupe everyone else’s money.
Have a limit on how frequently a company can get revalued (months).
Do everything possible to make it a long term investment tool and not something that can be easily gamed. This is also less stressful for the individual investor — most people I know who trade stocks also check the stocks 10+ times per day and it occupies such a large area of their headspace.
Is that not the SEC and Generally Accepted Accounting Principals (GAAP)?
> Have a limit on how frequently a company can get revalued (months).
Is that not quarterly reports and earnings filings?
> Do everything possible to make it a long term investment tool and not something that can be easily gamed
Your suggestion was to delete it. One suggestion I've heard is to increase the transaction price, and marginally increase it with trading volume by the given actor. Micro-transactions become too expensive to be profitable.
There is also the Machiavellian consideration of external threats. We need these corporations to make the tools of Ahriman. Without them, another country's corporations will make them first, and use them to subjugate us. People who believe in God (not just the Abrahamic one, but any good creator) prefer not to play this game, but most people are strict materialists, so they are locked into this equation.