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Strong Dollar, Weak Thinking

Harvard Business Review

The standard concern is that the high US dollar hurts America’s manufacturing cost position because US production costs are inflated by the dollar’s appreciation. The way to do that is to build market share in international markets at a level of profitability that is higher than the cost of capital.

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Finally, Proof That Managing for the Long Term Pays Off

Harvard Business Review

Earnings-per-share (EPS) growth: Difference between EPS growth and true earnings growth. We hypothesize that long-term companies are less likely to overindex on analyst metrics like EPS and less likely to consistently take actions (such as share repurchases) that boost EPS.