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"They traded short term gains for long term losses." This is the entirety of the problem with modern capitalism, isn't it? There is no way to account for long
by i_feel_great 8y ago
"They traded short term gains for long term losses."
This is the entirety of the problem with modern capitalism, isn't it? There is no way to account for long term losses that stakeholders can put value on. Just look at what we've done to the environment.
- chillacy 8y agoI'm not a finance person but it seems there is at least a way to put a value on future gains vs present gains, and it looks like money now is always quantitively better than money later: https://en.wikipedia.org/wiki/Discounted_cash_flow https://en.wikipedia.org/wiki/Discounted_cash_flow
- i_feel_great 8y agoAnd that article has a section where it plainly mentions its shortcomings: https://en.wikipedia.org/wiki/Discounted_cash_flow#Doesn't_account_for_all_variables https://en.wikipedia.org/wiki/Discounted_cash_flow#Doesn't_a...