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If you object to the Amazon example because the CEO was also the founder, there are many other examples of extremely long-term focused companies where that isn'
by polishTar 7y ago
If you object to the Amazon example because the CEO was also the founder, there are many other examples of extremely long-term focused companies where that isn't true. A really good example is Uber. Honestly, Uber is probably far too long-term focused and it'd be better if Wall St punished them more. It's pretty hard to accuse Wall St of being short-term focused on that one.
That said, I totally agree with you that experimentation is good, and the LTSE is a valuable experiment. Maybe we can learn something from it, even if it's worse than what we already have.
- beambot 7y agoUber has long term aspirations, but it is barely a tween on the scale of long-term companies. It's still unproven in the long term to serve as a good example.
- polishTar 7y agoUber is a good example in that the $54B+ valuation by Wall Street is in spite of the company's enormous short term losses. Whether or not Wall St is right about Uber's future prospects, I think it's a pretty clear (non-Amazon) example of them ignoring the short-term and looking at the long-term potential. Frankly, they're probably overestimating the future opportunity of Uber, at least in my opinion. Wall St is not the only-focused-on-the-short-term boogie man that some people would make you think. It's a very convenient excuse for some (typically poorly performing) CEO's, but it really isn't the case.