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ngriffithstoday at 6:11 PM1 replyview on HN

I'm not just talking about where the initial pressure comes from, but the effects of the changes. I guess the question becomes about how easily these layers get disentangled. E.g. things investors like that then result in lower sales? Things that result in greater sales but that the customers don't actually like?

Naively of course it seems like investors don't like it when sales go down, so there'd be an extremely tight link between financial market and product market feedback. But I imagine you disagree, that this breaks down easily and creates problems?


Replies

eriestoday at 8:59 PM

Just look at the evidence. Investor holding periods are going down, and there's less and less correlation between value creation and stock price movements.