> The market has pretty much determined that companies that over invest in formal software design activities lose out competitively in the long run The same ma

> The market has pretty much determined that companies that over invest in formal software design activities lose out competitively in the long run The same market that gave us AT&T, Comcast, DRMed IoT Juice presses, FTX, Enron, and so on? Not sure it’s wise to conclude that the market produces optimal solutions, or even incrementally better solutions than yesterday. Especially in domains with extremely long feedback cycles, like organizational trends. I DO think there is some hocus pocus market zeitgeist that does something resembling gradient descent, but it’s acting over very long cycles and there’s a ton of room for cargo culting, grifting, and opportunistic grabs along the way. Heck, marketing is an entire field dedicated to affecting “rational actors” in the marketplace.