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100 sats \ 4 replies \ @BlokchainB 21 Dec \ parent \ on: Condo Life in Singapore Construction_and_Engineering

When you have nameless faceless people appointed to your leadership board they sway business decisions in a major way. Co-ops and family owned companies seem to have more of a philosophy of providing top notch service to their customers. Plus everything isn’t always about growth at all costs.

Think of wegmans posted same store revenue declines by like 5% the stock price would tank and the board would look to cut costs and just laying off people and closing low performing stores.

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88 sats \ 3 replies \ @optimism 21 Dec

Yeah... financialization is the enemy of quality, because everything becomes speculative: measured in terms of stack growth consistency rather than the actual value a business provides; like consistently delivering high quality products to customers.

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100 sats \ 2 replies \ @BlokchainB 21 Dec

Yeah this is why I boycott Walmart! It’s absolutely ridiculous how they run that business.

Also why I’m so critical of Warren Buffett. I think the GFC would have really damaged his returns due to the corporate debt daisy chain.

I often think who is holding Ford’s $100B+ of debt!! Who would get wiped out if they stop making payments and more importantly who is using that debt to take on more leverage!

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52 sats \ 1 reply \ @optimism 21 Dec

Pension funds. I can tell you who's going to get 10% equity next bailout though haha

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0 sats \ 0 replies \ @BlokchainB 21 Dec

Hahaha

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