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> Investments are concentrating into unproductive sectors. With all the bullshit startups over the past decade or two, I thought this was accepted as the new
by jason-phillips 4y ago
> Investments are concentrating into unproductive sectors.
With all the bullshit startups over the past decade or two, I thought this was accepted as the new normal.
- meltyness 4y agoWhen Google ripped Microsoft a new Chrome, this was supposed to free up some gears, and it did -- because of under-investment in employees at the time, and the malleability of software it was all soft goods. Bottom line, the product improved. When Zillow rips the housing sector an expensive and unfunded demand for renovation -- this is where the "growth" investment thesis starts to break down, a massive acquisition of hard goods, made possible because of risk-asset price inflation. Bottom line, the product is worse for the foreseeable. It's icky, but thankfully these types of radioactive business models are getting identified sooner rather than later.