So are you buying Roblox hand over fist? Didn't think so.

It's easy to talk big, it's hard to beat the supposedly stupid, myopic market.

Actually, myopic market has provided me plenty of opportunities and has served as a great wealth building force for myself.

But setting that aside, my perspective was mostly around capital allocation from investors. Yes on a personal level you can make more money by investing companies, hollowing them out for profit, and fleeing before the company fails, like a lot of PE does. But that isn’t necessarily a good thing for the company or for the investor themselves on a long enough time horizon.