I'm Generally Nervous About Massive Consolidation

A Chinese liquor company is now valued more than Tencent as of like today. My kind of take, I'm not sure if this is a contrarian take or not, is that I'm generally kind of always getting nervous when I see a lot of consolidation in the industry. And so we see less efficient use of those than we would otherwise if things were at like kind of a little bit more right-scaled.

Transcript

Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app