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You're right, a deeper analysis is probably required and hopefully was done. In general though, I think any investment that develops the means of production of

You're right, a deeper analysis is probably required and hopefully was done. In general though, I think any investment that develops the means of production of a country is well spent. Having the capabilities and equipment is a huge long term boon I think. Like I'm not sure what else would money be better spent on then education towards a knowledgeable workforce and the means of production to produce and service people. Within that category, I agree there is an opportunity cost, like is battery manufacturing the right thing to invest in compared to other products or services? That's a much harder thing to predict though.

qeternity 5y ago
> I think any investment that develops the means of production of a country is well spent. Hyperbole such as this is why we end up with so many bad policies. You can be pro-investment and also expect that governments focus on good investments. Not all investments are not good investments.
- antonzabirko 5y ago
  Can you elaborate? Why are batteries a bad investment?
  - qeternity 5y ago
    Because investment theses aren’t as simple as “thing X is a good investment”. You don’t start with the assumption it’s a good investment and try to disprove it. You do the opposite, and with some sort of analysis. It’s not that batteries are good or bad. It’s whether this amount of capital invested in batteries with this company and this business plan at this cost of capital is a good investment.
- didibus 5y ago
  It's not hyperbole, I've refined it down to a category of investment I'm saying should be prioritized. Now within that category I acknowledged that we should look at the opportunity cost and try to predict what would be a good investment, but that's not a science, you can only do so much analysis, eventually you need to decide and there's always a risk involved.

qeternity 5y ago

> I think any investment that develops the means of production of a country is well spent. Hyperbole such as this is why we end up with so many bad policies. You can be pro-investment and also expect that governments focus on good investments. Not all investments are not good investments.

antonzabirko 5y ago
Can you elaborate? Why are batteries a bad investment?
- qeternity 5y ago
  Because investment theses aren’t as simple as “thing X is a good investment”. You don’t start with the assumption it’s a good investment and try to disprove it. You do the opposite, and with some sort of analysis. It’s not that batteries are good or bad. It’s whether this amount of capital invested in batteries with this company and this business plan at this cost of capital is a good investment.
didibus 5y ago
It's not hyperbole, I've refined it down to a category of investment I'm saying should be prioritized. Now within that category I acknowledged that we should look at the opportunity cost and try to predict what would be a good investment, but that's not a science, you can only do so much analysis, eventually you need to decide and there's always a risk involved.