OneofThree
Well-Known Member
If you don't think that 8 to 10 times the inflation rate over a decade is not the definition of greed - - - - that's too bad.
Greed is doing this again and again in the face of record profits - - - - -
Even as a staunch non-interventionist, I would agree with your subjective moral judgment that in general, absolutizing profit is "not good". But I believe you still fail to recognize the fine line between resounding success and insolvency for traded firms, no matter the market cap. In other words, it is what is and if Disney is to survive, they need to play according to the "rules" of the game, the current game. Do you for example, what would happen to Disney's cost of capital should they just up and decide to adopt your prescribed approach? Do you understand how that would impact the company, WDW included?