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Capitalism Won’t Thrive on Value Investing Alone (just published oped)

First oped in more than a year (when I was maniacally trying to get my medical innovation course done…

Trigger warning: starts with a suicide and more personal than my usual fare

by Amar Bhidé June 01, 2021

Summary.   Investors fall into two camps: value investors, who base decisions on a careful analysis of revenues and costs, looking for steady performance, and growth investors, who place bets on risky projects with very high potential payoffs. A capitalist economy needs both kinds — those willing to back transformational ventures as well as those who reward prudence and thrift.