Facebook Earnings and Swap Hedges - Bloomberg View:
Wall Street "short-termism" is just about who should get to make decisions with capital. If you are bad at investing�capital, investors will keep you on a short leash, and ask for their capital back if you have any to spare so they can put it to better uses. If you are great�at investing�capital, sure, buy a virtual-reality headset company, build driverless cars, shoot rockets to Mars, whatever, go nuts. Long-term corporate investment and deep basic research is possible, but you have to earn it.
Wall Street "short-termism" is just about who should get to make decisions with capital. If you are bad at investing�capital, investors will keep you on a short leash, and ask for their capital back if you have any to spare so they can put it to better uses. If you are great�at investing�capital, sure, buy a virtual-reality headset company, build driverless cars, shoot rockets to Mars, whatever, go nuts. Long-term corporate investment and deep basic research is possible, but you have to earn it.
No comments:
Post a Comment