High elasticity means that unit output goes up more than prices went down, so you get a growth business. - Andy Kessler

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High elasticity means that unit output goes up more than prices went down, so you get a growth business.

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About Andy Kessler

Andy Kessler (born 1958) is an author of books on business, investing and technology. Mr. Kessler also worked as an investment manager from 1996 to 2001 as a principal of Velocity Capital Management.

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But I was confused. Here we were scrambling around looking under rocks for great long-term investments, and every other hedge fund, or so it seemed, was doing some funny hedge of cheap yen money and T-bills. That's investing?

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