Capitalism Won’t Thrive on Value Investing Alone (just published HBR.org oped)

First oped in more than a year (when I was maniacally trying to get my medical innovation course done…

Trigger warning: starts with a suicide and more personal than my usual fare

 

https://hbr.org/2021/06/capitalism-wont-thrive-on-value-investing-alone

Summary.   Investors fall into two camps: value investors, who base decisions on a careful analysis of revenues and costs, looking for steady performance, and growth investors, who place bets on risky projects with very high potential payoffs. A capitalist economy needs both kinds — those willing to back transformational ventures as well as those who reward prudence and thrift.