This increase in revenue comes at the cost of long-term customer satisfaction, but nobody knows how to really measure that, so investors don’t care.

How it’s going: Now, in the most extreme instances, GME and AMC for example, stocks are gambling tokens or crowd attention barometers and have almost no relationship to the underlying company or business. Valuation is totally irrelevant to the bull thesis and overvaluation attracts shorts that fuel further rallies. Discount rate matters but not muc... See more

But what’s wild is that that’s what the current $300 billion in venture funding is investing into -- things funded today might not be public for another decade. The $2 trillion in hypothetical 2031 funding, which would need to return $4.25 trillion per year, would feed into the following decade. By 2041, at the same CAGR, the world’s public equitie... See more