I’ve posted Entry #19 for the Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s titled Life Itself Is a Free Lunch.
Juicy Excerpt: There was a day when humankind learned how to start a fire. I have no doubt that there were naysayers who complained that it would be a free lunch to discover a means to stay warm on chilly nights. There was a day when humankind invented anesthesia. I have no doubt that there were nay sayers who complained that it would be a free lunch not to have to bite a bullet to deal with the pain of having a dentist pull your bad teeth out with pliers. There was a day when humankind learned that an internal combustion engine could get us to baseball and concerts quicker and more reliably than horses. I have no doubt that there were naysayers who complained that it would be a free lunch to have a take you places at the turning of a key.
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