5/ it is DISCOVERING the preexisting clearing price. If some gas station is selling gas for $0.01 / gal, and you're thrilled, but then I come in and overbid you, telling the gas station owner that I'll pay him $2/gal, have I stolen the gas from you? No. $2 is the market price
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15/ I am very glad that food is produced by huge farms with economies of scale. I am very glad that tools are produces by huge factories with economies of scale. Etc.
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16/ I disagree. There are huge numbers of reasons that large firms do things better than average people. One is that talent goes where it's rewarded, and large firms therefore have talented people. Another is specialization >>>https://twitter.com/HoodlumDoodlum/status/1402738735524073473 …
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17/ A real estate management firm is going to be much much better at real estate management, dealing with maintenance, etc. than I am.
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18/ I'm obviously not a fan of "too big to fail" politics, but that's far from the norm. Lots of huge companies lose lots of money, shrink, and shed assets.https://twitter.com/HoodlumDoodlum/status/1402739150952992770 …
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19/ very good insighthttps://twitter.com/KarlKGallagher/status/1402738778540855303 …
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20/ yes, agreed. I'm always willing to entertain hypotheses. I'm just not willing to be convinced until some good evidence has been presented.https://twitter.com/ded_ruckus/status/1402740780549115904 …
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21/ another very good insight fishing lures may or may not catch fish, but they MUST catch fisherman, or they won't sell / won't be madehttps://twitter.com/DJSchreffler/status/1402743044785545216 …
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22/ people want [ to own ] a home, not a rental citation needed do they? various people want various mixes of (a) a place to live, (b) an asset that appreciates, (c) flexibility to move do most people want the exact ratio of these implied by "own" ?https://twitter.com/NinePlusOne2/status/1403014958078627846 …
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23/ if you want someone to join you in hating bailouts, I'm here for you! ...but that said, show me any government that isn't in the business of bailing out the rich and powerful Men get famous so they can bed women. Politicians run for office so...https://twitter.com/Gormogons/status/1403013940880281604 …
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End of conversation
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Kubota scales tractor production and lowers tractor prices. You want a tractor and pay less. Blackrock scales home purchasing and lowers rental rates Potential home buyer wants a home not a rental. How do they benefit?
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