| ▲ | alwa 9 hours ago | |
Chasing eternal profit growth isn’t a fact of life, notwithstanding the mythology of commodification. Neither are all investors motivated purely by profit. Neither is it clear that everything can be improved upon (much less that outsiders can improve on it better than the incumbent). Sometimes “do a thing, do it with excellence, make a modest living from it” is enough. One thing I like about Mr. Sapp’s work at Worse On Purpose here—he (or perhaps his LLM, or perhaps he’s LLM) gives considerable attention to firms that don’t do it that way. Where: > Quality, ownership, and stewardship all check out. […] Most of these are family-owned, trust-owned, employee-owned, or publicly traded with a long track record of not selling out. It’s useful to have actionable alternatives, and I put more stock in his organizing thesis given how well its brand preferences line up with my own. | ||