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Joined 1 year ago
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Cake day: June 9th, 2023

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  • Sometimes, sadly, giving up is the right thing to do.

    I get it, but if you are just trying to make the point that, if a country thinks they’ll eventually lose, it’s better for everyone if they give up quickly … then this historical example doesn’t seem relevant.

    Given that Ukraine already gave up quickly once (in Crimea) and that Russia simply waited until it was convenient to invade them again, I’m sure you can understand why Ukrainians think it’s necessary to fight this one out.

    Now, the war of the Triple Alliance is often held up as an example of how a minority of belligerents can create massive devastation by continuing a guerilla war after losing the conventional war; if Ukraine seems in danger of losing the conventional war, I’ll admit it’s a relevant parallel, otherwise it isn’t terribly relevant.














  • The shareholders can go and buy a diversified portfolio on their own, by investing in many companies, so they can derisk their portfolio without conglomeration.

    If they already own shares of the conglomerating company, its returns will be lower (they don’t care that it’s less risky; they’ve diversified already). Similarly, the returns of the company that is now becoming part of the conglomeration will likely be reduced, which negatively affects shareholders of that company.

    The benefit is really only for the people whose prospects are deeply tied to this company, and only this company… its management employees, who are compensated by the company (often in the form of stock that they can’t sell till they leave, or that vests over a long time frame).