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I agree, I also think there is a different type of flywheel effect at play here. Central Bankers "printing" money means there is a lot of money about and few pl
by dougSF70 5y ago
I agree, I also think there is a different type of flywheel effect at play here. Central Bankers "printing" money means there is a lot of money about and few places for it to go to generate >7% annual returns. As a result, more capital flows into VC funds which in turn invest in starts ups. The flywheel effect is that the loose monetary policies that are causing these start ups' share price to inflate once they IPO is also feeding new competitors that will further erode the chance of profitability. Amazon built a moat, Door Dash hasn't.