When publicity trumps everything else

Major auto companies’ production in 2020 vs. total value of their stock

One of the ancient Greek historians—I forget whether it was Thucydides or somebody else—wrote that the Athenians in the early days of their city chose leaders they thought were the wisest and most virtuous, but as they grew prosperous, powerful and complacent, they chose leaders that were the most entertaining.

My friend Bill Elwell sent me a link to a post about how, in American life today, your ability to get the public’s attention matters more than what you actually accomplish.  Click on Red Bull, Elon Musk and Matt Gaetz to read it.

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