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That seems to stretch the meaning of market inefficiency. Is the lack of unlimited free energy an inefficiency in a market? Because an entrepreneur who achieves
by AaronAPU 3mo ago
That seems to stretch the meaning of market inefficiency. Is the lack of unlimited free energy an inefficiency in a market? Because an entrepreneur who achieves that is going to do pretty well. I’d say that would be creating value not optimizing market efficiency.
- edot 3mo agoYeah, and arbitrage. Arbitrage is exploiting the difference in prices of the same asset between two markets. Arbitrage is also risk-free or darn close to it. Entrepreneurship is anything but. Arbitrage is not "gee this product doesn't exist, I'll start a company and invent it and manufacture it and sell it" ...
- SoftTalker 3mo agoHow would creating unlimited free energy allow an entrepreneur to do pretty well? It it's free, there's no money to be made.
- deleted 3mo ago[deleted]