more python evangelising...
Randall Hopper
aa8vb at yahoo.com
Wed Jun 28 08:10:28 EDT 2000
Grant Edwards:
|...then they could take lower profit, higher "social good" directions.
|But that's not what stockholders want. Stockholders (at least in the US)
|only care about short-term profits.
Not quite. Be careful about including everyone in the US with your
statements. Despite the media rage, serious folks invest in companies for
the long term. CAGR is a big deal on the minds of many, and you don't get
that without compounding. Of course, selling short-term kills this in a
taxable account.
And you might have heard of "ethical investing". For now, I won't invest
in MSFT no matter what CAGR I can get from them. If MSFT changes their
arrogant business attitude shafting customers and dealing out frequent
misinformation just to confuse consumers, then I might.
|If there was a large enough group interested in investing in
|socially-conscious software companies perhaps things would be
|different. Perhaps.
Well, consider. MSFT was great when they could strong-arm the industry.
Not doing so good anymore; so maybe there is a correlation between
maximizing profits and treating your customers and suppliers well...
--
Randall Hopper
aa8vb at yahoo.com
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