It's easy to see the bad stuff. The good stuff just disappears into the background. So, it's probably mostly true that major inefficiencies in products/services get arbed away.
It's sort of like the efficient market hypothesis in the stock market - spend enough time in it and you'll see the vast majority of the time the vast majority of stocks are not mispriced to any meaningful level. But it stands out like crazy when you see one and you remember it.
It's sort of like the efficient market hypothesis in the stock market - spend enough time in it and you'll see the vast majority of the time the vast majority of stocks are not mispriced to any meaningful level. But it stands out like crazy when you see one and you remember it.