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"producing the pilot of Game of Thrones cost $10M, before they knew it would be a hit. you can't make those gambles in an efficient market - ever"

Why is that? Isn't it just like any other kind of investment that regularly gets made in an efficient market?

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Right. Plenty of market mechanisms exist for gauging risk, investing on it, and being rewarded for it. People invest in most things without being a bit. We're on a forum hosted by an institution whose very raison d'etre is investing in things before they know they'll be a hit.

but neither of you are taking the existing industry into account. you just want them to lay over and die and do it your way. they make FIVE HUNDRED BILLION dollars a year, and you guys think they should just change because you want them to.

market testing in TV and movies is exactly what produces mediocre crap.

if you'd like to spend some more time getting up to speed on how the industry works before deciding it sucks, i'm happy to oblige.

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