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"Good for business" and "bad for business" look VERY different depending on your current scale and cash position.
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1/ I want to sketch out a difference between two kinds of 'good for business' environments that people usually don't appreciate
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2/ A central fact of free-market capitalism is that capital does not care HOW it gains a return, and has no natural "time horizon"
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5/ There are two kinds of "good for business" environments, which I think of as "stacked for profiteering" and "stacked for innovation"
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