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MBAs made profit growth more important than consistent profits. Witness how dividends used to be a sign of a dependable company but now they're for suckers. Eve
by kevin_thibedeau 4y ago
MBAs made profit growth more important than consistent profits. Witness how dividends used to be a sign of a dependable company but now they're for suckers. Everything else broken in the economy is a consequence of this philosophy.
- kingkongjaffa 4y agoIf you're not gaining market share from competitors in existing markets, or developing new markets from scratch, then you are not 'winning' under western hyper capitalism.
- echelon 4y agoIf you're not growing, your dollar is losing value and competitors are poised to be eating your lunch. Software is the best place to see this. Develop something niche and profitable. Without growth, you're just a feature and you will be ripped off by another party or a bigger player. Slack, Clubhouse, any Mac/iOS feature, etc. etc. Hundreds of examples here. There's also the broader economic theory. If you can only invest time and money in one place, then you have opportunity costs and need to weigh the future outcomes of your investment choices. Life is finite, and you should use it in the best way you know how. For most people, money correlates strongly with value creation and reward. The amount of revenue you drive is also indicative of the broader value you've materialized for other people.