The problem with acquisition focused investment strategy is that it only works during low rate and non-recession environments It's also very destructive to the

The problem with acquisition focused investment strategy is that it only works during low rate and non-recession environments It's also very destructive to the economy. The wealth concentrates at the hands of the few and those capital are almost certainly outside US jurisdiction to avoid taxes. Lastly, the shock to the people that helped those few get rich have to find new jobs or at the mercy of those seeking enrichment over building long term jobs which can only come from those with long term focus not cash out so i can retired mentality. You can see the differences in how East Asian conglomerates operate vs the West. Life long job prospects, conservative long term focused at monopolizing and transferring jobs from the West to the East. The society and city are completely different as a result. Whereas in tech bro cities you have homelessness, violence, addiction and ideological absurdities. East Asia + Singapore have created stable civil societies without those things and its reflected by the type of billionaires they create and allow to operate with long term focus and stability top to down.