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by brandall10
1241 days ago
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I think by and large it comes down to appeasing shareholders. If there is a chance that predicted quarterly metrics are impacted, this type bloodletting acts as a hedge. The whole "we understand we're not where we said we'd be at and as a result we're cutting costs". The issue of course is this is short-sighted thinking. |
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We’re far too controlled by the short term anxiety of investors. Financiers need to learn more about how the physical world works and not just fetishize abstract math conveniently labeled in politically correct tradition.
The burden should be on finance to prove its value and not be allowed to leverage recent history when the market could only go up as the post-WW2 world was a crater. Other countries have caught up and don’t have to play by the US’s old rules. Why should the next generation within the US? People who lucked into winning have an extraordinary burden of proof their success wasn’t just being born in a time-place.