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...

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...

Life, Survivorship Bias, Tech Read More