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Ep 358. Elasticity of Demand, Snap Judgments, Capital Allocation, and Judging Growth Capex

Focused Compounding

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Is the Market Growth Too Rapid?

It doesn't look tremendously expensive. But, um, you're not going to see a lot of it. Is the kind of thing that ends with a winter takes all types situation. It's probably just lie. The market growth is too rapid. And when you have really rapid marke growth, you tend to have extinction of almost all the companies involvedi some one survives and makes a lot of money, but if the failure rate is close to a hundred %, most of them all fail.

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