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The Importance of Taking Profit in a Downturn
There's all this pressure to grow as quickly as possible and I got to think a lot of businesses are going to wish they hadn't gotten so far out over their skis in an effort to grow. Even businesses that are designed more or less like yours where they're optimized for distributed work, it's just there's something about the current environment where it's nice to know you can make payroll for years if you're sitting on profits. Whereas taking profit is all too rare in Silicon Valley, right? I mean Amazon is the ultimate case of this. They weren't profitable for something like 20 years and then Jeff flipped a switch and now it's become perhaps among the most profitable companies on earth