3 ms·
> Uncertainty is bad for business. Only some kinds, while other kinds are great for business. For example, the tabacco industry very deliberately created uncer
by Eddy_Viscosity2 2y ago
> Uncertainty is bad for business.
Only some kinds, while other kinds are great for business. For example, the tabacco industry very deliberately created uncertainty about the links between smoking and lung cancer for years and years because it meant in the meantime they could continue business as usual.
- bryanlarsen 2y agoThe only thing they care about is stock price. What's it going to do for your stock price if you have a $100B lawsuit hanging over your head for many years?
- rqtwteye 2y agoTobacco companies did really well for decades while a lawsuit was looming.
- verdverm 2y agoTobacco companies are still doing really well, in other countries
- bryanlarsen 2y agoon the contrary, they were almost always the companies with the lowest stock price in relation to their dividend payout.