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Most long-term research comes out of monopolies, which by definition have slack time and money to invest in speculative projects. (obviously not all monopolies
by bpodgursky 5y ago
Most long-term research comes out of monopolies, which by definition have slack time and money to invest in speculative projects.
(obviously not all monopolies choose to invest this way, but absolutely no companies which live or die by quarterly earnings b/c of market competition can do this)