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It is far worse than that. Market capitalism can not move us from local maxima even when we know far higher maxima exist.
by PeterStuer 7y ago
It is far worse than that. Market capitalism can not move us from local maxima even when we know far higher maxima exist.
- saagarjha 7y agoI wonder if the market can exhibit “profit tunneling” where you can temporarily violate the classical rules as long as you end up “making up for it”.
- majos 7y agoWhat? R+D investment is still a real thing, even if investors have shorter time horizons than they used to. There are still firms sacrificing short term gains for long term ones.