Friday, July 18, 2008

Stupid is As Stupid does

The longer I own my own business, the more I realize that nonsense corporate business decisions are usually temporary aberrations brought on by too much available cash. We'll often stand around scratching our heads wondering why corporations do the things they do. Take the Starbucks ridiculously broad and fast expansion for example. They've got stores in the middle of nowhere, stores across the street from other Starbucks locations, stores in insanely expensive shopping malls. How do you profitably do that? You don't. 600 stores now closing....