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I like this idea, but I wonder... if the rules were transparent would it inflate bubbles in areas that would be more likely to have the expected outcome, theref
by illwrks 5y ago
I like this idea, but I wonder... if the rules were transparent would it inflate bubbles in areas that would be more likely to have the expected outcome, therefore making them less of a guarantee.
- merely-unlikely 5y agoThat's just expectations getting "priced in" as we say in the public markets and goes a long way to explaining tech multiples.