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By pretty much any measure you can find, businesses are great at long term planning. Look at price/earnings ratios. They have crept up from the 80s which means

by bko 4y ago

By pretty much any measure you can find, businesses are great at long term planning. Look at price/earnings ratios. They have crept up from the 80s which means investors are willing to pay more for each dollar of future earnings. Look at individual companies like Amazon that was extremely valuable while losing money for years and even now its very thin. Look at all the VC companies throwing money at companies with just an idea. How about private industry, like billions of trees being planted every year by private businesses just so they can harvest them in a few decades.

scarface74 4y ago
> Look at price/earnings ratios. They have crept up from the 80s which means investors are willing to pay more for each dollar of future earnings This doesn’t come anywhere near passing the sniff test. There are plenty of companies with very bad business models that still have a decent stock price (Spotify, Uber, Lyft). Yes I know that you can’t have a P/e without a profit. And some of the most valuable companies are in the oil industry extracting non renewable resources.