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The proper allocation of capital to working business. Are you arguing against the existence of the investment industry? How would capital move around, how would
by corporateslave3 9y ago
The proper allocation of capital to working business. Are you arguing against the existence of the investment industry? How would capital move around, how would growth occur?
- keenerd 9y agoI'm arguing against the existence of things that can't be measured. How is "market efficiency" different from Carl Sagan's "Dragon in my Garage"? It sounds like you saying that private companies that don't participate in the stock market are incapable of managing capital or achieving growth.