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Capital markets are notoriously incompetent in spotting disruptions and often reward those who are failing right up until the bitter end. I wish market evangel
by cageface 16y ago
Capital markets are notoriously incompetent in spotting disruptions and often reward those who are failing right up until the bitter end.
I wish market evangelists would acknowledge this more often. The market is a useful mechanism but it's far from omniscient.