If its so easy, then why is google paying so much for it? You think they are stupid and they aren't getting their money's worth?
You can't have it both ways - simultaneously argue that market is efficient and we should let it do it's own thing, and that market is stupid to pay for defaults because changing them is so easy.
You can't have it both ways - simultaneously argue that market is efficient and we should let it do it's own thing, and that market is stupid to pay for defaults because changing them is so easy.