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Ironically (coincidentally?) another of the most valuable companies in the world, Amazon, has been saying exactly the same thing - and acting the same way - for
by sib 6y ago
Ironically (coincidentally?) another of the most valuable companies in the world, Amazon, has been saying exactly the same thing - and acting the same way - for more than 20 years[1]:
"We believe that a fundamental measure of our success will be the shareholder value we create over the long term...
Because of our emphasis on the long term, we may make decisions and weigh tradeoffs differently than some companies...
We will continue to make investment decisions in light of long-term market leadership considerations rather than short-term profitability considerations or short-term Wall Street reactions..."
Maybe there's something to this approach?
[1] Bezos letter to shareholders, 1997 - https://venturebeat.com/wp-content/uploads/2010/09/amzn_shareholder-letter-20072.pdf https://venturebeat.com/wp-content/uploads/2010/09/amzn_shar...
- spacedcowboy 6y agoI hadn't thought of Amazon that way. Good point :)