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Cheap capital is great! But capable labor and good ideas generate cheap capital. Cheap capital generates opportunities to better utilize capable labor and good ideas, but it doesn't create the humans who provide themhttps://twitter.com/webdevMason/status/1168375858832084992?s=20 …
What does lots of cheap capital *actually* mean? It means you have lots of stored value you can't easily put to use. You have fewer capable people with good ideas competing more easily for a larger pot. Great for the capable individual, but for the society? Not so much
Or a tasty and delicious source of cruelty free meat that's been given the highest levels of medical care!
The @FT has gone woke. Once Nikkei bought them their standards began to decline. Now they say they have a "New Agenda" as if that is something that will attract readers.
nobody beats the IRR of good parents
so true !
From slums to America to NASA to Uber? If that's not a phenomenal growth, than I don't know what is. Amazing!!
This strikes me as a value extracting argument. Not exactly encouraging of communal effort...
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