4 ms·
That's not what he's talking about. Ruthlessness has its role in a robust ecosystem, but screwing with a company in a way that destroys its viability simply to
by kolbe 4y ago
That's not what he's talking about. Ruthlessness has its role in a robust ecosystem, but screwing with a company in a way that destroys its viability simply to trick some retail investors and pension funds into buying the worthless shell is not part of a robust ecosystem.
- lmz 4y agoMaybe it weeds out the more stupid investors.
- che_shirecat 4y agounironically, yes. in an ideal capitalist system, money should flow to those who can best allocate it, so stupid investors losing $$$ to more savvy investors in financial pvp is the market working as intended.
- kolbe 4y agoIn a libertarian world, you're right. But in the USA today, those "stupid investors" are often pension funds who will just tax you more when they lose it all.