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The reasoning: "■ The companies on the market today are, on average, much larger than the public corporations of decades ago. Fast-rising upstarts are harder t
by tomglynch 8y ago
The reasoning:
"■ The companies on the market today are, on average, much larger than the public corporations of decades ago. Fast-rising upstarts are harder to find."
"■ Profits are increasingly concentrated in the cluster of giants — with Apple at the forefront — that dominate the market."
- dannyw 8y agoBetter reasoning: increased regulation, both in terms of legislation, regulation, and regulatory action; plus greater concentration of wealth and greater pool of private investments / private equity.