
Intention vs Impact: Jerome Powell & Elon Musk
Let's Appreciate
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The Importance of Intention Over Impact
S&P 500 companies now spend the most on buybacks in dividends versus research and development. This isn't net positive for anybody, including shareholders who will be harmed from lack of future growth. We are making progress but it will just take time to have true impact. If you suddenly and unexpectedly feel joy don't hesitate, give into it.
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