As I've said (once) before on HN, the combination of: 1 - increased leverage (risk) => increased rewards (if risk pays off) 2 - intense competition between co

As I've said (once) before on HN, the combination of: 1 - increased leverage (risk) => increased rewards (if risk pays off) 2 - intense competition between companies (with the possibility of buyouts, loss-leaders, etc) Means that companies which don't adopt risky positions will fail in the marketplace if the risks don't home to roost soon enough. Those which do adopt the risky position will out-compete them. I'd love to know what economists make of this. Someone mentioned the 'dot com fallacy' last time I brought this up, but google tells me that is just "make it up in volume", which isn't what I mean here.