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Imagine if the market incentivized intelligent people to build useful things rather than lotteries on top of known cognitive weaknesses. As one commenter pointe
by spanktheuser 6y ago
Imagine if the market incentivized intelligent people to build useful things rather than lotteries on top of known cognitive weaknesses. As one commenter pointed out, the trick isn’t identifying or executing this strategy. It’s having the ability to brand and sell it in such a way that the investment seems palatable to pension and sovereign wealth funds. No mean feat but I struggle to find it admirable.
- pdog 6y agoCapital allocation is hugely important for a modern economy. Without financial markets, intelligent people would barely have any idea what to build (let alone raise capital necessary to finance their innovations).
- natch 6y agoIf only we could have financial markets. I mean real ones, without massive money printing and similar manipulation by central banks.
- gumby 6y agoHow does this hedge fund (or even the existance of such a fund) provide such signals to an inventor or business founder?
- sjg007 6y agoIt's actually not. We weren't remotely prepared for the pandemic which is laying waste to people and the economy. That's a complete failure of the modern economy.
- valuearb 6y agoIn what way was the economy unprepared?
- fulafel 6y agoLet's consider the current major crisis (man made climate change). A lot of smart people agree that we're here because markets make us do the wrong thing.