3 ms·
I am actually very glad that those investment wizards almost completely nuked whole sectors of the semiconductor market. It cleared a lot of long standing nast
by baybal2 5y ago
I am actually very glad that those investment wizards almost completely nuked whole sectors of the semiconductor market.
It cleared a lot of long standing nasty monopolies, which self destructed since their LBO schemes collapsed, or... successfully went through, and they were sold to unwitting asset manager/banker types for $$$$$, just to be chopped up after they found what a load of lemons they bought.
- convolvatron 5y agocertainly agree that there should be some kind of garbage collection process that pushes established companies to reinvent themselves at least a little to keep up. but i really dont want to give any credit to those guys - they certainly aren't discriminating - they'll eat, digest, extract any salable capital and just shit out whatever is left. i suppose you can argue that they exert an evolutionary pressure to develop an immune system (?)