It is selection. The weak structures fail. The strong struc…

It is selection.
The weak structures fail.
The strong structures survive.
The speculative premium evaporates.
The productive core remains.
And once the noise has faded and the leverage has been liquidated and the stories have exhausted themselves, reality resumes its ancient occupation of determining value.
Reality is often accused of being cruel.
In truth, it is merely incorruptible.
Written by S. Tominaga