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Why is it so hard to buy things that work well?

There's a cocktail party version of the efficient markets hypothesis I frequently hear that's basically, "markets enforce efficiency, so it's not possible that a company can have some major inefficiency and survive". We've previously discussed Marc Andreessen's quote that tech hiring can't be inefficient here and here: Let's launch right into it. I think the critique that Silicon Valley companies are deliberately, systematically discriminatory is incorrect, and there are two reasons to believe ...

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