> markets enforce efficiency, so it's not possible that a company can have some major inefficiency and survive
This just seems totally false on its face. If you've worked at the big guys you know they aren't magically smarter, they do very inefficient things frequently.
It's so intuitively false that I'd have to wonder about someone who thinks it's true.
This just seems totally false on its face. If you've worked at the big guys you know they aren't magically smarter, they do very inefficient things frequently.
It's so intuitively false that I'd have to wonder about someone who thinks it's true.