I think about this a lot. An outrageous amount of money is put in “safe” assets that are basically just bonds or shifting equity around in incumbent businesses. Meanwhile a lot more of it should go to new teams making new disruptive technology, solving far better problems.https://twitter.com/santiagoroel/status/1395524627040858114 …
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Haha yeah I guess it is my day job
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you’re doing gaia’s work
End of conversation
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On the tragedy of capital hoarders & failure to innovate
Problem w/ my native country - Mexico - is that wealth is very concentrated & few controlling families are risk averse & don’t invest in innovation (record low R&D as a % revenue of family-owned businesses)