4 ms·
> What's wrong with a $1 profit? It's hard to react to unforeseen conditions in the market and/or grow the company when you have no war chest. You could borrow
by craftyguy 8y ago
> What's wrong with a $1 profit?
It's hard to react to unforeseen conditions in the market and/or grow the company when you have no war chest. You could borrow more money, then you'd no longer be 'profitable' for at least some amount of time.
- bognition 8y agoSo i've heard this refrain for years to come but then there are so many counter examples. Amazon for one. They've never posted a profit yet they've managed to react and out maneuver most companies with sizable war chests.
- ceejayoz 8y agoAmazon has definitely posted profits. https://qz.com/1341589/amazon-can-make-loads-of-money-when-it-actually-feels-like-it/ https://qz.com/1341589/amazon-can-make-loads-of-money-when-i...