Pray, The Sequel
M.G. Siegler
53531

On the fucking money, as always. The real issue, is that we only see growth as being of value, when we talk investment. There should be value in a company that maintains profits, regular profits, and operates with a large cash reserve. I see this as being a major problem with wall street.

Because if we only value companies on the way to the top, and look for the businesses who will knock them back down again as soon as they reach it, we have a system where successful companies can only fail. Whether it’s in 10 years or 20 years, we’ve set ourselves up to only build, and fund, and invest in companies with an expiration date. And that expiration date is when they’ve reached the pinnacle of their success.

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