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> financial metrics cut through the BS Negative externalities are not 'BS' though, and may well eventually get internalized at some point, which would then be
by davidw 5y ago
> financial metrics cut through the BS
Negative externalities are not 'BS' though, and may well eventually get internalized at some point, which would then be quite pertinent to the financials.
An example would be a company that has high profits because it eliminates waste by dumping it in the river. Their financials are good, but they don't tell you the whole picture, because sooner or later, something is likely to be done about the waste dumping.