Comment by khill
2 years ago
At some point in my lifetime, the mindset switched from "I'm investing because I want to see long-term, steady growth and get regular dividends" to "I want to make as much money as possible as quickly as possible and damn the consequences to others".
The short-sightedness and greed is destroying so much.
Or, the hardnosed focus on economical value over sentimentality is freeing resources to be used more productively elsewhere.
Schumpeter tells us the market operates by creative destruction. Properly killing companies is just as important as properly starting them.