@stevegraham Their real benefit is that they are legible to average people. Easier vessels to invest in or bank with.
@stevegraham Yeah, but they have a team. Warm-fuzzy rationalisations until there is accidental innovation. No foresight required.
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@stevegraham Your approach makes me think of the stratechery article on "Aggregation Theory" winning. But many probably just see 'risk'. - 1 more reply
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