> Work and salaries ? Like from their own pocket ? No. That is the business money. Wasted. Time, attention, of peoples wasted.
It actually blows me away sometimes the willingness people w/i companies have to just spend money that isn't theirs.
It's not even the calculation of build vs buy, they'll spend exorbitant amounts of money for nothing in particular. It makes me understand the stereotypical budget constraints, because without them people would just waste money left and right.
Eventually, one comes to realize that everyone's spending money that isn't theirs. Including the CEO and the owners, who are spending the money invested by people who expect returns.
The only organization that doesn't take outside money is the federal government, and they take the consent of the people to rule instead (quite a bit more valuable).
Oh that’s not true at all. Hudson River Trading, for instance, has never taken outside money and has no outside investors, yet makes billions in profit every year. There are likewise many fully private companies that have no investors, debt, or unaffiliated shareholders. Goldman Sachs was a partnership until the mid 1990’s. Etc.
It actually blows me away sometimes the willingness people w/i companies have to just spend money that isn't theirs.
It's not even the calculation of build vs buy, they'll spend exorbitant amounts of money for nothing in particular. It makes me understand the stereotypical budget constraints, because without them people would just waste money left and right.