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A public company generally cares about quarterly performance. A private company might have its sights as far as a few years out. However, with education it take
by castratikron 10y ago
A public company generally cares about quarterly performance. A private company might have its sights as far as a few years out. However, with education it takes about 20 years to start seeing a return on investment. It just doesn't make sense to approach education from a business standpoint, both because the ROI is very low, and you need to have stability in education, you can't have someone like ITT Tech all of a sudden deciding to close their door to tens of thousands of students and leave with a bunch of useless credits that won't transfer.
- killjoywashere 10y agoYou're telling me Exxon doesn't look 20 years out? Burlington Northern, a railroad, was looking 30 years out when my dad worked for them. Is there a more classic example of American "big business"?
- SamReidHughes 10y agoIf you really believe this why don't you short-sell a bunch of companies and make a killing?
- tanderson92 10y agoBecause the belief has nothing to do with your arbitrary test. And even if it did, the market can remain irrational longer than you can stay solvent.
- seoguru 10y agoone of my favorite John Maynard Keynes quotes.