[PeterStuer]

It is far worse than that. Market capitalism can not move us from local maxima even when we know far higher maxima exist.

[majos]

What? R+D investment is still a real thing, even if investors have shorter time horizons than they used to. There are still firms sacrificing short term gains for long term ones.

[saagarjha]

I wonder if the market can exhibit “profit tunneling” where you can temporarily violate the classical rules as long as you end up “making up for it”.