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Sieva Kozinsky - Long-Term Thinking is an Advantage - Ep.177
Think Like an Owner
The Importance of Downside Incentives
There's no liability or clawbacks for those executives, right? You can walk away a billionaire is a sea of a bank retire. And the next year your bank can go belly up because of all the bad decisions you made over 10 years but you don't. So they're going to make short term decisions with long term capital, which is risky. The last thing is just interest rate and money printing. They talk about this a lot. We had 10 years of super low artificial interest rates in a hot economy with quantitative easing. That act of increasing the money supply by so much in a given year leads to poor behavior,. Every human at even at the end of a bull market is acting
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