4 ms·
> Why bother investing in other industries when you can make so much money from shit that's literally spouting out the ground? You have to be extraordinarily di
by m000 6y ago
> Why bother investing in other industries when you can make so much money from shit that's literally spouting out the ground? You have to be extraordinarily disciplined and well-functioning prior to finding such riches, if you are to stand any chance. Google has never been either.
But is this really a matter of discipline or being well-functioning? I believe that this kind of behavior is to be expected on any publicly-traded company, given the pervasiveness of the Friedman Doctrine. I.e. if the company is run to maximize the shareholder value, it becomes extremely hard for executives to justify support for any product, if the profits/benefits it provides cannot be quantified as shareholder profit.
- deleted 6y ago[deleted]