Quote:
Originally Posted by jimmy-3-way
I find it hard to believe that business people are this short sighted -- the president changes every four years like clockwork. Something is ALWAYS changing yet business people are holding back on investment because they want 'stability'? I find that to be incredibly short sighted.
I was recently at a speech by a local small(-ish) businessman and he pointed out that he'd been in business for 50 years and tried to grow his business every year no matter what while administrations have come and gone.
Minte - how long have you been running your thing and how long do you plan to? Certainly more than 4 years. So how can you let something as short a a presidential administration dictate your plans?
You say you aren't going to make investments for 4 years, who are you punishing besides yourself? I respect you as a businessman but your widget factory doesn't make you John Galt.
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First off, I never said I would not invest for four years. I said my company could lose money for 4 years. I also said that for the first year I would invest cautiously. Just like I have for the last 4 years.
I have been in business more than 30 years. I don't have any plans on retiring, ever.
I like my job. When there are unknown expenses looming and no one can tell you how much it will cost, no businessman that is going to last, lays all his cash down on
RED and crosses his fingers,closes his eyes and prays..