Fiction blurring with reality can cause a regime shift; an overvalued asset can be used to acquire cheaper assets and increase its own value. The fiction influences the reality. The overvalued asset wasn’t “worth” what it was trading for, but at the same time it also was!https://twitter.com/LAForeverHall/status/1263913713901252608 …
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AOL journey to Time Warner purchase a good example here though the contours seem maybe different that what you have in mind. The aftermath also a good reminder that if things can’t go on forever, then they won’t. Doesn’t feel that way right now tho, that’s for sure.
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We can frame it this way, too: AOL ended up creating a ton of value for its shareholders based on the blurring of fiction and reality.
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Safe to just add "A mind at play" to my long list of reads now?
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I never read it actually!
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