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Comment by jshen

It's more like evolution through natural selection. If you can buy a treasury that returns 3.6%, you will NOT invest money in a business that has more risk, is only returning 3%, and has no believable growth story. Even worse, if you own shares in that company, you will sell them and shift the investment dollars to something with better returns or better chance for growth.

It's this competition that leads to prosperity, the alternative is central planning which leads to poverty.

parent jshen 3 months ago

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