scorpioncapital Posted September 4, 2016 Share Posted September 4, 2016 I was watching this amazing video - where he describes the problems of RONA & IRR and how there is a tension between efficiency and disruptive innovations. As investors, we love free cash flow, but paradoxically, this sows the seeds of too much money and the end of growth over time. So I was thinking, either we are happy with low growth or we look for disruptive companies. Yet the new disruptors are unlikely to make money right away. What do you guys think? Should one look for the biotech or disruptive tech stock or go for the free cash flow or maybe the middle ground, no innovation but at least some place to put your capital back to work (e.g. reinvesting in capital intensive industries where government guarantees a decent return)? Link to comment Share on other sites More sharing options...
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