4 ms·
It's easier to stockpile billions of dollars when you have no idea what to do with it. The typical business does not have this luxury. Some tech companies are w
by JMTQp8lwXL 7y ago
It's easier to stockpile billions of dollars when you have no idea what to do with it. The typical business does not have this luxury. Some tech companies are worth more than some country's GDPs. This advice is analogous to a billionaire telling a minimum wage employee to save more.
- edmundsauto 7y agoThey could have done buybacks instead of cash sitting around.
- thaumasiotes 7y ago> Some tech companies are worth more than some country's GDPs. This doesn't mean much. Plenty of people are worth more than some countries' GDPs. Wikipedia's list of countries by GDP goes down to US$42 million.
- wyre 7y ago>This advice is analogous to a billionaire telling a minimum wage employee to save more.
- rumanator 7y ago> It's easier to stockpile billions of dollars when you have no idea what to do with it. You are missing the point entirely. A company only stockpiles money if it evaluates all other options, including paying dividends to shareholders, and still decides their best course of action is to not spend it. This is not a decision made passively or by forgetting to make a decision.
- imtringued 7y agoIt's hyperbole. "their best course of action is to not spend it." is equivalent to "we have no (better) idea what to do with it"
- bdcravens 7y agoNot necessarily at the minimum wage level, but I see a lot of low-income earners with new iPhones or nice cars. Of course corps are operating a different level, but at the end of the day, we all would should try to rid ourselves of debt-mentality.