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Amazon is not an antithesis at all, it's in my column! look, language is imprecise and none of us are writing encylopedias here that we reedit till they are per
by sheepleherd 10y ago
Amazon is not an antithesis at all, it's in my column! look, language is imprecise and none of us are writing encylopedias here that we reedit till they are perfect, so to keep it short:
Amazon is pursuing a long term strategy, and it's a public company, and it's getting funded, it's not getting starved for capital. i.e. the market is working, its strategy is being valued, there is no evidence of a market failure. (that is why I covered myself in my previous comment by saying "overemphasize" rather than simply saying emphasize.)
what would be your "antithesis" example would be other similar ideas that were floated and funding dried up because investors "stupidly" didn't get what a great long term idea it was. Of course, nobody can know what woulda coulda, and I'm not saying anybody can; what I'm saying is, if somebody thinks that markets don't properly weigh the long term over the short term, they are essentially saying that they want to sink more of their money into these (hypothetical) "losers" and I'm saying, please don't, it's a bad idea to assume that you know more than people actually in that industry.
I'm also not saying "don't think you have better ideas" and I'm not saying "don't pursue your good ideas" etc. I'm saying, don't think that financial markets are stupider than you. Don't think that the world is this hugely unfair place where all the people with money don't know a good idea when they hear about it, and that all these people with no money have all these great ideas that money seems to make people blind to (which is what "markets just don't get long term like I do" is saying)