> So he has set up a system that extracts value from others.
That's a very negative way to describe buying a share in a company.
> So he has set up a system that extracts value from others.
That's a very negative way to describe buying a share in a company.
I'm pointing out the reality.
As I said, I'm not a person that thinks that correct allocation of capital isn't a useful role. Really good VCs and investors are really really important.
However like art - it can be both simultaneously true that art has intrinsic value and that the art market is seriously corrupt.
Sure Paul adds value - but I'd humbly suggest not as much as he has extracted.