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How Amazon Trained Its Investors to Behave

Harvard Business Review

That opportunistic approach to financial markets has defined Amazon since it went public in 1997. But what's really going on is that Jeff Bezos has trained elements of the investment community to expect that low profits (or big losses) now represent investments that will eventually pay off, not signs of trouble. Nice timing, huh?

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Yes, Short-Termism Really Is a Problem

Harvard Business Review

.” Keiretsu “was widely seen as a great Japanese strength,” Summers notes, “yet even apart from Japan’s manifest macroeconomic difficulties, Japanese companies lacking market discipline have squandered leads in sectors ranging from electronics to automobiles to information technology.”

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