{"channel":"misc","content":"https://alluvial.substack.com/p/finding-value-in-faraway-places\r\n\r\nI have a few thoughts on this piece, none of which lead towards anyone in the U.S. should be getting involved in this. \r\n\r\n# There's a certain sense that investing in a company in Papua New Guinea that is generating massive returns on capital feels immoral. Where is this money coming from, and why are you taking it? Isn't this just a new form of colonialism? \r\n# How much of this is, << the stock market isn't real >>? Or, the stock market in the US actually is real but this one isn't.  There are no \"bid/ask\" prices for many of these.  There is no \"price discovery\".  One company can trade at twice its value, another at half its value.","created_at":"2025-06-18T17:04:31.960703","id":591,"llm_annotations":{},"parent_id":null,"processed_content":"<p><a href=\"https://alluvial.substack.com/p/finding-value-in-faraway-places\" target=\"_blank\" rel=\"noopener noreferrer\">https://alluvial.substack.com/p/finding-value-in-faraway-places</a>\r</p>\n<p>I have a few thoughts on this piece, none of which lead towards anyone in the U.S. should be getting involved in this. \r</p>\n<ul>\n<li class=\"number-list\"> There's a certain sense that investing in a company in Papua New Guinea that is generating massive returns on capital feels immoral. Where is this money coming from, and why are you taking it? Isn't this just a new form of colonialism? \r</li>\n<li class=\"number-list\"> How much of this is, <span class=\"literal-text\">the stock market isn't real</span>? Or, the stock market in the US actually is real but this one isn't.  There are no \"bid/ask\" prices for many of these.  There is no \"price discovery\".  One company can trade at twice its value, another at half its value.</li>\n</ul>","quotes":[],"subject":"meanwhile, in Papua New Guinea"}