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Expanding on 3 & 4 a bit: Right now, there’s a huge mass of concentrated wealth whose owners aren’t going to spend it, so they want to invest it. And they want returns. They want more returns than actually are out there to be found. So industry needs to •invent• those returns.

That means a company that will never and can never ever deliver anything of true value can still make it if in convinces investors it might grow.

“Does it matter if it’s wrong?” Not if it's convincing to investors!

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