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It's sad. Elon has said he would have SpaceX to be public because it forces short termism on a company. I'd happily buy shares on the understanding the company
by LatteLazy 5y ago
It's sad. Elon has said he would have SpaceX to be public because it forces short termism on a company. I'd happily buy shares on the understanding the company wouldn't even report (let alone report a profit) for a decade. But that's the nature of public markets, I guess you have to set the rules based on the average idiot CEO and the average idiot Speculator...
- TeMPOraL 5y ago> I guess you have to set the rules based on the average idiot CEO and the average idiot Speculator Idiot CEOs are a self-correcting problem. The rules are there because of smart scoundrel CEOs scamming idiot Investors.