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Value After Hours S04 E06: Acquirers Multiple All-Time Spread, $ARKK Blow-up, The Red Queen

The Acquirers Podcast

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The Red Queen Effect Explains Growth Capex

Growth stops at the point that maintenance needs are consumed by incoming energy or capital. Inflation and technological obsolescence can lead to overestimating useful life of an asset. The tangible part of the economy is almost like this mature, fully grown adult as compared to a younger, more oppksed one.

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