Short-minded quarterly earnings expectations cost us exponentially in long-term productivity gains + innovation. https://twitter.com/Knightfall21/status/1043319584638623746 …
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I would argue that even the CEOs would be fooling themselves if they thought they knew everything that was going on behind the scenes. There's too much to know, unless one of them has the best possible filter for the noise. Maybe the coming AI overlords? (chuckles nervously)
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That's why I included the part about the CEO breaking down in tears unable to inject social value without being punished by the market. We're all just trying to do our best to leverage our position in this emergent incentive structure.
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Fascinating insight. I’ve felt we’ve been in an emergent stage of capitalism for some time now. I feel the same about social media, will be writing more about this. ie social justice, metoo, trial by public opinion. Affecting geopolitics now.
End of conversation
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