Rent-seeking Tag Archive

Finance doesn’t know how to put money to good uses

(Excerpt from Zero to One by Peter Thiel) While a definitely optimistic future would need engineers to design underwater cities and settlements in space, an indefinitely optimistic future calls for more bankers and...

September 21, 2019| Investing, World Read More

Modern society is rent-seeking

(Excerpt from Zero to One by Peter Thiel) Instead of working for years to build a new product, indefinite optimists rearrange already-invented ones. Bankers make money by rearranging the capital structures of already...

September 21, 2019| Life, Survivorship Bias, Tech Read More

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