Apple, Amazon and Facebook share one trait. None of those firms has been accused of focusing excessively on quarterly results, staying focused on the longer-term process of creating value, something that is exceedingly difficult in an earnings-obsessed market.
Obsessing about short-term results, in fact, has likely destroyed much more shareholder value than it has created, says Henry Blodgett.
And, in many cases, it is the CEOs who have largely ignored Wall Street and focused on executing a long-term vision--like Amazon's Jeff Bezos--who have created the most value over the long haul.
Like Jeff Bezos, Mark Zuckerberg focuses his time on Facebook's product, not its business or finances. He has a clear vision for the company, which he has articulated time and again for anyone willing to listen. Facebook's focus is refreshing.
Wednesday, March 28, 2012
Facebook, Amazon, Apple Share One Important Trait
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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