PE remains a source of complete fascination for me. The game is clearly rigged to produce bad outcomes at a societal level (eg no company loaded up with debt t

PE remains a source of complete fascination for me. The game is clearly rigged to produce bad outcomes at a societal level (eg no company loaded up with debt to finance buybacks/dividends and just eps ended up in a better long term financial position) - but we're completely incapable of doing anyhting about it.