Seems reasonable to assume that the large companies' heightened capital intensity will normalize at a lower level over the next few years; yes, maybe higher than in years past, but quite a bit lower than today.
Good piece! I'd keep Morgan Housel's comment in mind, when he states that his best writing is when he writes for himself. This Checklist Series is worthwhile!
Seems reasonable to assume that the large companies' heightened capital intensity will normalize at a lower level over the next few years; yes, maybe higher than in years past, but quite a bit lower than today.
Good piece! I'd keep Morgan Housel's comment in mind, when he states that his best writing is when he writes for himself. This Checklist Series is worthwhile!