Mark Tinker, chief investment officer and managing director at ToscaFund Hong Kong, says the West "spent years assuming that China was just another emerging ...
It’s cause western companies are optimized to maximize quarterly profits for the shareholders. This basically precludes doing any long term planning or investment.
Literally. Even five-ten-year strategic plans are an effort to shore up the finances for the next six months, to calm investors that there share prices will rise. When the plan inevitably fails for being based on outdated figures, they’ll just run another grift, asset strip the place, or restructure to use the failing business as a tax write-off for the parent company.
Western company managers can see forward about 6 months. I see it everyday on the coal face.
It’s cause western companies are optimized to maximize quarterly profits for the shareholders. This basically precludes doing any long term planning or investment.
Literally. Even five-ten-year strategic plans are an effort to shore up the finances for the next six months, to calm investors that there share prices will rise. When the plan inevitably fails for being based on outdated figures, they’ll just run another grift, asset strip the place, or restructure to use the failing business as a tax write-off for the parent company.