Comment by TimByte
1 day ago
I think this is basically right, but I'd phrase it as "capital allocation theater" rather than just stupidity
1 day ago
I think this is basically right, but I'd phrase it as "capital allocation theater" rather than just stupidity
Which feels like a longer way of saying 'stupidity'.
If we call it "stupidity" then a lot of money simply vaporizes overnight.
Which ironically illustrates just how stupid the system really is.