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Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg... by organsnyder on Thursday December 05, 2019 @02:12PM (#21715349)
I think it's psychological. With capital expenses, the decision to spend a lot of money tends to be a discrete event/process, while operations usually grow slowly over time. We place inherent value in big purchases—after all, I decided to make the purchase, so it must be valuable.

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