> Capital concentration – huge pension schemes, enormous corporations, big university endowments – has weird effects and it happens in all kinds of places. Tha

> Capital concentration – huge pension schemes, enormous corporations, big university endowments – has weird effects and it happens in all kinds of places. That reminds me of the market for exotic cars. Twenty years ago, the market had completely collapsed. The dot com bubble had popped. You could get used Ferraris for under $100K. Fast forward to 2019, and Bugatti is offering new cars for four million and up. Something's gotta give.