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The market is a more efficient mechanism to allocate capital than a single set of executives at a company. As an Apple shareholder, you don't want Apple decidi
by pathseeker 8y ago
The market is a more efficient mechanism to allocate capital than a single set of executives at a company.
As an Apple shareholder, you don't want Apple deciding where to invest your gains. You want those gains so you can decide where to invest them yourself depending on your risk profile , investment thesis, etc.
- parasubvert 8y agoIf this were true we wouldn’t need entrepreneurs