price discovery of more assets will providing more liquidity and faster financing to cure cancer
so thats an easy rebuttal to keep in the back pocket
so thats an easy rebuttal to keep in the back pocket
No small number of examples of places with plenty of financiers that have said "aha, we need to have [thing X], let's [throw some money at it]" without much useful results because they don't actually have the necessary people, knowhow, networks, or institutions.
unlocking liquidity of currently hard to value assets will remove distractions for a broader set of people to get education, apply their intellect, and be inspired including to cure. many people are not applying their intellect because they are distracted by their illiquidity, basically all of their life.
> plenty of financiers that have said "aha, we need to have [thing X], let's [throw some money at it]" without much useful results
misallocated capital is a symptom of current market inefficiencies and has nothing to do with the concept of people working in finance versus whatever you prefer
What I'm trying to say is I don't buy the notion of humans "conquering" a disease or the virtue of somehow "elevating" ourselves beyond greed. We are just player-actors in both the beautiful cycle of life-and-death and the madness of crowds participating in markets of life (airbnb rental, dating, job, you name it). To pretend otherwise that somehow we can solve and tame uncertainty is -EV.