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by chii
2925 days ago
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> Sequoia's Michael Moritz who has a decent amount of credibility but you have to also think whether he's biased in wanting to push the view that the next big tech hub is in China, because he's invested in the region. Making the hype machine so that when time comes to exit, there's plenty of doofus who will believe the hype and buy into the market. it's very hard to know what to believe, and even more effort to do research. Most people won't be doing it, so it's an effective method to generate hype. |
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He puts his money where his mouth is. I made another comment here that it was refreshing as it didn't predict the collapse of China which has been peddled for the past few decades by so-called experts - they could peddle any view they want with no financial repercussion.
Secondly, even if Moritz was biased and published this article for his own gains, it's not as if we (foreigners) have easy access to invest in the region.
> it's very hard to know what to believe, and even more effort to do research. Most people won't be doing it, so it's an effective method to generate hype.
I heartily agree with you here, but you have to admit for every article like this, there are 10x more about the imminent demise of China, so I don't buy the argument that this article's hype will override 'collapse' articles which generate much more clicks.