volatility

‘Until It Blew Up’…

"They mistake the distortions of their wall of money for the wisdom of their observations."

"They mistake the distortions of their wall of money for the wisdom of their observations."
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2 comments on “‘Until It Blew Up’…

  1. Thanks for this. The Anecdote was especially fun. I’ve watched this happen over and over again in every company that sets some one-dimensional target for executives to hit — return on investment, return on invested capital, blah, blah. They all become useless targets as they are gamed by the players. That wouldn’t be what’s causing so many buybacks …. ?

  2. roger1122

    Excellent examples! Alas that their lessons appear to be unlearnable.

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