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by JumpCrisscross 2912 days ago
> What the U.S. considers a practical problem often isn't

Sure. But it’s still a customer making a purchase. That purchase grounds the project in someone’s need. A need they’re willing to trade for. The “trades for” part is important, since it references the status quo.

Financial assets, particularly speculative assets, don’t solve a need. They promise to solve a future need. (Sometimes they don’t.) Part of the discipline of speculating investing is knowing when to pull the plug.