Re:The Toyota Way
by Someone1234 on Wednesday June 26, 2019 @12:18PM
(#20286392)
You call it a "myth" then use one example, that disproves the point (why urge to act against a "myth") and another that's a single data point, while ignoring the rest of the market.
That's a pretty poorly explored position.
I would have though that the CEO of the world's largest investment company would count more than "one single data point". I know there are a few examples of short term investors ruining a company - but have you any examples of companies punished for choosing long term over short term?
Re:The Toyota Way
by Someone1234 on Wednesday June 26, 2019 @06:13PM
(#20289792)
> I would have though that the CEO of the world's largest investment company would count more than "one single data point".
I said that CEO undercuts your point. You claimed short-term-ism was a "myth," then quoted a CEO saying that a lot of people focus on short term investing, rather than long term investing. Therefore making it not a myth, according to your own source.
Maybe you should actually read it. He said companies might be tempted by maximizing short-term returns because we are late in the economic cycle.
Re:The Toyota Way
by Someone1234 on Wednesday June 26, 2019 @11:35PM
(#20291548)
Therefore making it not a myth that people do so. Did you read it?
That's a myth. Yes CNBC loves short term stuff as it makes good TV. In the real world see Black Rock (biggest asset manager) CEO public urging long term focus https://www.blackrock.com/corporate/investor-relations/larry... . See also Amazon and all the other profitless companies just listed as good examples that long term has value.