3 ms·
I'm reminded of the observation that when a company declares a plan to build a giant, glorious new headquarters, it is time to sell your shares of that company.
by jacques_chester 11y ago
I'm reminded of the observation that when a company declares a plan to build a giant, glorious new headquarters, it is time to sell your shares of that company.
The theory being that it marks an outbreak of hubris and will distract the upper management for years.
- patmcguire 11y agoI don't know if the theory explained the mechanism behind it, merely the correlation. There's simple regression to the mean, or the fact that you have to achieve a certain level of success to build one of these glorious headquarters, and that seems to be around the natural limit for company size.
- ArkyBeagle 11y agoYes; The Edifice Complex.