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0 pointsbix68mo ago0 comments

I like that framing. I also think it’s a disservice to only think in terms of capital efficiency since who really cares how efficient your capital is if you can’t produce food when there’s a shock?

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schmidtleonard8mo ago

The people who own all the capital do and that's part of the problem. Nobody likes seeing red in their brokerage account.

bix6OP8mo ago

O sure there’s no long term forethought and if you manage others’ money you’ll get fired. It’s brutal.

j / k navigate · click thread line to collapse

0 comments

schmidtleonard8mo ago

The people who own all the capital do and that's part of the problem. Nobody likes seeing red in their brokerage account.

bix6OP8mo ago

O sure there’s no long term forethought and if you manage others’ money you’ll get fired. It’s brutal.

j / k navigate · click thread line to collapse