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The market rewarded short term thinking that resulted in lower prices at the expense of much more expensive repairs later. Companies that were properly managed
by jandrese 6y ago
The market rewarded short term thinking that resulted in lower prices at the expense of much more expensive repairs later. Companies that were properly managed were outcompeted and got bought out by the short term thinking competitor.
- s1artibartfast 6y agoDoesn't politics favor short term thinking as well?
- jandrese 6y agoElected officials yes. Civil Servants that don't get swapped out with each administration not so much. People like your county water commissioner.