3 ms·

I think you could make the same argument about the externalities of many of the components of the S&P 500 too. E.g. you also have to be cool with knowing that y

by voisin 2y ago

I think you could make the same argument about the externalities of many of the components of the S&P 500 too. E.g. you also have to be cool with knowing that your ETF gains are largely contingent on the destruction of the natural environment, or the addicting of people to pharmaceuticals or social media, or… It turns out our capitalist system associates very few returns to human flourishing!

Workaccount2 2y ago
Most markets don't have the stranglehold on supply like real estate does. Especially in populated markets. Medical is similar, since it's basically "pay us this or suffer/die", but the returns from medicine are generally fairly lackluster since there is so much cost/risk in failed trials.