I guess what this means is “in a bull market there’s so much fucking money everywhere that companies don’t know how to optimally allocate to revenue growth” so

I guess what this means is “in a bull market there’s so much fucking money everywhere that companies don’t know how to optimally allocate to revenue growth” so a ton of smart people get hired in a way where it doesn’t even matter if they produce value. In a bear market accountably starts existing again.