Long Term Companies
topic on 1 show · 1 statements across 1 episodes
1 statements about Long Term Companies, every show
Williamson: Long-term firms invest counter-cyclically while short-term firms retrench
“Typically long-term companies are more counter-cyclical, and short-term companies are more pro-cyclical. Markets go, get bad, they lay everybody off, they retrench. Whereas a long-term company will then go and try to pick up customers and employees and so on.”