aalleavitch
Joined 9 years ago
Joined 9 years ago
Absolutely chilling thought, eh?
This is the most shocking hubris I've witnessed in a long time.
I don't know how someone could possibly make this statement RIGHT NOW of all times? How many businesses are sitting on the edge of folding right now? Whoops! Looks like all that future revenue didn't show up! Guess who's going to suffer for these decisions? Not the investors, they sold out! How about all the employees who just had all the blood sucked out of their job security and future livelihood?
In what sense are investors in this scenario not just hostile parasites? At least if it were dividends then the investors would have any sort of remaining long-term interest in the success of the company, and not just how they can most quickly disentangle themselves from taking any responsibility for the survival of the company that they ostensibly had ownership over by gulping down revenue it didn't even generate yet? In what sense is the investor not crippling the company and leaving it weaker than they found it? It's vampirism! Just because the money is there for the taking doesn't mean you should, it doesn't mean that what you're doing isn't irresponsible and even morally reprehensible.
You create a nightmarescape of shambling zombie companies just waiting for a global pandemic to remind them that they're all already dead. Enjoy your artificially juiced stock value after it craters because our entire economy is short of legs to stand on.
This statement is worse than wrong; it's nonsense.
Even if you come up for some very specific metric of intelligence that you think is valid (which will always involve the use of some limited test constrained by subjective considerations) you're still wrong! Not every single Border Collie will perform better than every single English Bulldog, at best you will find some consistent comparison between averages, which is absurdly far from the same thing.