Clubs such as the Boston Red Sox and Detroit Tigers did not take on their first black players until most other clubs had long utilized black players and clubs like the Dodgers and Giants were well on the way to their long run equilibrium number.
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Beal thinks the government has delayed equilibrium in a number of areas, especially commercial real estate.
FORBES: Andy Beal Conjectures Harsh Market Ahead
The industry is searching for equilibrium between the number of funds (or amount of investable capital) and the number of fundable ideas and teams.
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