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by candiddevmike 1028 days ago
Why does the market "reward" that behavior?
2 comments
gretch 1028 days ago
We don't actually know if this behavior is rewarded or not.

Possibly they succeed despite this behavior - some other part of the company is carrying the weight.

I have Google Fi (on the tmobile network) and I will say, my cell phone plan does work and is worth what I pay for it. So there's definitely some value generation via that.

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bombcar 1028 days ago
Because the market is kinda dumb, and it takes quite awhile to eat an elephant.

C.f. Bogle on "manager's capitalism": https://johncbogle.com/wordpress/wp-content/uploads/2019/08/... and similar things - much (too much?) of our "value" is financial shell games.

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