Do not mistake the opportunity cost for inviability. Billionaires are not lining up to build one with their money may be a fact (I don’t know), but even if it is, it is entirely possible that the rate of return is just too low for them to consider investing in. Why make 3% EV YoY when you could get 5% EV YoU? Almost double the rate of return!
Do not mistake the opportunity cost for inviability. Billionaires are not lining up to build one with their money may be a fact (I don’t know), but even if it is, it is entirely possible that the rate of return is just too low for them to consider investing in. Why make 3% EV YoY when you could get 5% EV YoU? Almost double the rate of return!
Not so easily proven.