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0 pointsskrebbel12y ago0 comments

I didn't get it.

0 comments

I think his point is that in an efficient market (invisible hand - an Adam Smith reference) incompetent companies should loose all of their customers to better companies and die.

skrebbelOP12y ago

Thanks! I didn't know it was an Adam Smith reference. It makes sense now.

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0 pointsskrebbel12y ago0 comments

I didn't get it.

0 comments

Bill_Dimm12y ago

I think his point is that in an efficient market (invisible hand - an Adam Smith reference) incompetent companies should loose all of their customers to better companies and die.

skrebbelOP12y ago

Thanks! I didn't know it was an Adam Smith reference. It makes sense now.

j / k navigate · click thread line to collapse