Larks comments on Contrarian LW views and their economic implications - Less Wrong

16 Post author: Larks 08 October 2014 11:48PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (126)

You are viewing a single comment's thread. Show more comments above.

Comment author: Larks 11 October 2014 09:35:43PM 0 points [-]

Good point.

On the other hand, the 'true', underlying normalised cost structure of a business is often unclear. If a business had a lower wage cost, and higher costs due to transient factors, you could bet that those transient factors would mean revert. But this is perhaps a relatively minor factor.