The vacuousness of his reply aside, since the government subsidized the first road, which transportation mode or tech dominates has never been a function of pure market forces.
- Why do you invest in index/passive products?
- Because it is the most efficient way to invest
- Why is it efficient?
- Because it reflects an equilibrium of investors views
- Which investors?
- People like me
Seems wildly misinformed. For many reasons most of all that market distortions are a real thing and “let the market decide” is a dumb position without any secondary thinking.
FTR I absolutely love capitalism, but old enough to know better than “let the markets decide”
Moloch whose love is endless oil and stone!
Moloch whose soul is electricity and banks!
Moloch whose poverty is the specter of genius!
Moloch whose fate is a cloud of sexless hydrogen!
Moloch whose name is the Mind!
Comments
analyst: how will you grow? what's your strategy?
Me: who cares? let the market decide
I really need to update this one.
- Because it is the most efficient way to invest
- Why is it efficient?
- Because it reflects an equilibrium of investors views
- Which investors?
- People like me
FTR I absolutely love capitalism, but old enough to know better than “let the markets decide”
Moloch whose soul is electricity and banks!
Moloch whose poverty is the specter of genius!
Moloch whose fate is a cloud of sexless hydrogen!
Moloch whose name is the Mind!
(Modulo a rainforest or two)
And price differences will make it a no-brainer, the amount of parts, labor and maintenance required for combustion engines is insane in comparison.
Letting investment bros above energy efficiency is just too stupid.
Then says making decisions in an imperfect market is impossible. As if market participants aren’t doing so.
He may have just found a backup Attorney General nominee.
"What will prevail is what will prevail"
Absolute genius