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by chillacy
2097 days ago
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I’m rather happy to own shares in companies run by the founder with ambitious growth over those run by a career CEO who wants to grow revenue 5% y/y and nothing else. While it’s true CEOs left unchecked engage in “empire building”, it’s also true that shareholders tend to suffer from short term thinking: money now is better than money later. The result is a lot of short term investments and a lack of 20 year planning. |
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