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It's not "criticism in hindsight." It's simply acknowledging that those same "bright cookies" can make mistakes.
by dopamean 10y ago
It's not "criticism in hindsight." It's simply acknowledging that those same "bright cookies" can make mistakes.
- alex_c 10y agoFair enough. My point was that there's a difference between a valuation mistake and a calculated risk that doesn't work out - and it can be very difficult to tell which one's which, especially from the outside. Any acquisition can end up a failure because of integration issues, changing market conditions, failure to execute new products, etc. - it doesn't necessarily mean the original valuation was wrong.
- dopamean 10y agoVery good points. Thanks.