• vrek@programming.devEnglish
      41·
      6 days ago

      The problem is with no juniors, you don’t get any seniors in 5 years. Every expert was once a beginner…

        • vrek@programming.devEnglish
          3·
          6 days ago

          Here’s the thing, Warren buffet argumently the best stock market person in history based everything on long term gains. P&g coke a cola etc long term company long term profit invest in them

          • tempest@lemmy.ca
            9·
            6 days ago

            Sure but he was also investing when the stock market was also slightly attached to reality which hasn’t been true in a decade at least.

            It was always gambling but now numbers must go up at all costs

            • vrek@programming.devEnglish
              12·
              6 days ago

              That has always been the case and is written into law that a publicly traded company must do anything possible to make more money.

              • Garnish2087@fedinsfw.appEnglish
                5·
                5 days ago

                It’s not actually law and that’s just what companies want to be the belief for them behaving reprehensibly

                  • Garnish2087@fedinsfw.appEnglish
                    1·
                    5 days ago

                    Yes, I believe you’re interpreting that page incorrectly. Fiduciary duties are law bindings for specific relationships and situations not applicable for all publicly traded companies to all shareholders.

                    I believe you’re confusing that idea with the theory of shareholder supremacy that’s a claim, popularized by the likes of Jack Welch to support their actions.

                    The background comes from Dodge v. Ford Motor Co. in 1919 which stated

                    There should be no confusion… A business corporation is organized and carried on primarily for the profit of the stockholders.

                    and the interpretation has been quite debated.