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I’m still trying to understand the rationale. They should create a comparison against the current public markets to highlight the differences. Based on the “lo
by pdq 6y ago
I’m still trying to understand the rationale. They should create a comparison against the current public markets to highlight the differences.
Based on the “long term”, I’m guessing the core concept is no quarterly reporting, so companies can focus on long term initiatives.
However, how do they explain Amazon, who reinvested what would be their profits for over a decade, to continue expanding their business and build the massive Walmart juggernaut? All Bezos had to do was describe the strategy to the market, expand quarterly sales, and many investors were patient over the years.
- aesh2Xa1 6y agoAmazon is a great counter example and I don't have an argument that says Amazon does focus on short term at all, and certainly not to its detriment. However, an exception to the rule is not the rule.