2 ms·

I'd imagine the downvotes are because it's a factually inaccurate statement (as I understand it). Duty to maximize profits is a myth, which I think I first hear

• gigatexal 6y ago
  Oh dang I stand corrected. My statement could remove the fiduciary part and replace it with human nature and remain correct I think. It’s a basis of economics that the firm seeks to maximize profits where feasible.