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warrenalphonso committed Jan 24, 2024
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Title: Sadly, Rent
Date: 2024-01-23

(Sorry, this isn't well-written! ~~Perfect~~ Good is the enemy of the mediocre.)

Bryne Hobart asks ["How many trillion-dollar companies should there be?"](https://www.thediff.co/archive/how-many-trillion-dollar-companies-should-there-be/#how-many-trillion-dollar-companies-should-there-be)
Market cap is functionally humanity's best guess at expected total dividends returned to
shareholders. A company's profits come from its revenue, and its revenue comes
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inventions don't seem to come about from immense investment by a few firms; they're
usually the result of some genius working for very little because he can't help
himself. [Matt Clancy points out](https://mattsclancy.substack.com/p/how-common-is-independent-discovery)
that rediscovery is probably pretty common if the idea seems important looking
that rediscovery is likely if the idea seems important looking
forward; it's cause areas and ideas that are only important in retrospect that
aren't likely to be independenly rediscovered. That's good news since even the
most ambitious companies probably can't justify entirely pie-in-the-sky research.
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