Originally Posted by
Drewbacca
There's a subtle difference—I'm not attributing the lack of investment to some bumbling CEO archetype he's describing. It's ironically what an idiot CEOs would do if they were in charge. They'd assume the last guy was a fucking idiot and make all the same mistakes without digging in to the situation. To improve something you have to ask WHY they made the decisions they made and humble yourself.
Speaking from experience when you dig in to short v. long-term investments in businesses it almost always comes down to liquidity in the business aka cash. Businesses that rely on contract services (like, say, steel factories) and have high capital investment (buttloads of 25% tariff steel) easily run in to cashflow problems. And typically they try to anticipate shortfalls in fiscal 2021, 22? That's almost always what stops OBVIOUSLY GOOD long term investments from being made. The business might risk not be around to reap the reward. Some CEOs and CFO's are more risk averse than others, like any investing. If you're working for a conservative redneck in rural Alabama I'm going to guess which kind it is.
And I didn't have to resort to saying all CEOs are nincompoop morons to understand the perspective. To properly understand I had to assume they weren't.
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