Making value (the old fashioned way, "Earning it") makes so much more sense than raising money. Investors have been spoiled of late. They often feel entitled to an unearned return on their savings. Legalized stealing provides this benefit but it is not sustainable any longer. Like the agricultural revolution that made the US the food basket powerhouse of the world over a century ago there is a value change starting up. It is fun to watch.
Monday, December 14, 2009
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