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

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

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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.