Why Markets Copy the Future Before They Price It
Why Markets Copy the Future Before They Price It During big tech shifts, investors overpay for the easiest, most visible stocks or tokens because they want exposure to a trend before its real financial value can be accurately calculated While the predicted future usually arrives (like the internet or railways), early capital almost always funds the wrong layer of the stack; lasting profits eventually shift from surface branding to the unglamorous bottlenecks controlling infrastructure, workflows, and regulation https://insights4vc.substack.com/p/why-markets-copy-the-future-before
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