White Space

Was listening to someone describe how the quality of literature and the written arts used to be better primarily due to the fact that, prior to the introduction of the personal computer, everything had to be typed on a typewriter. The manual labor involved in such an undertaking simply left more white space on the page ¬†than had one been using a PC. That white space was a definitive statement that what was on the page deserved to be there, if not only for the work involved with whiteout or correction tape. The contrast now is that we live in a world with no white space, technology (for good or bad) allows for no uninterrupted narrative, all “information” all the time 24/7. In the absence of white space, story fills the page, right or wrong, true or false, the vacuum gets filled. The result is Tesla, Virgin Galactic (SPCE), Beyond Meat, Wework,etc.. The aforementioned are all filler and no substance, they represent a need on the part of the investing public to fill in the blanks of actual fact based fundamental analysis with story. In fact, story stocks resemble reality TV, the exact antithesis of white space, all drama, no backstory or context and the glorification of immediate gratification through a rising stock price.

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