Quote:
Originally Posted by tw
If it was so obvious, then why did so many Cellar dwellers buy General Motors cars (Chevys, Oldsmobiles, Pontiacs, Saturns, etc) even 30 years ago?
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I don't speak for the rest of the dwellars, but Mrs. dar and I bought a brand new Honda Accord in 1987. We donated it in January 2009; 22 yrs with the same car. It just refused to die.
I dunno. Maybe it was more obvious in the software industry than elsewhere, but every major decision made at public companies I have worked has been made with an eye toward the quarterly report. It often makes for some fairly stupid short-sighted decisions.
And I still maintain that the proliferation of MBAs is just the symptom. The illness is the way the current stock market works.