Almost every successful company and successful investor optimized for a few metrics not identified by GAAP at all. It’s almost as if Wall Street spends all its time optimizing for the wrong thing.
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It ties into what BS of how responsive Wall st is to 90 day quarters.
@tim_cook has a nice rant about that recently. Maybe that’s part of why Berkshire owns so much Apple now. ;)Thanks. Twitter will use this to make your timeline better. UndoUndo
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