Ericries

.@ericries explains why former Costco CEO Jim Sinegal refused to raise the price of everything in the store by $.03, despite the fact that Costco knew it wouldn't decrease sales, and would increase their net income by 50%: "He says, 'It's like the business equivalent of taking heroin. You do it onc

"If you have a larger, long-term vision — whether it's lofty like going multiplanetary, or simple like creating high-quality products — you're a business revolutionary, whether you know it or not." - @ericries "Because the economic system is designed to destroy these companies." https://t.co/EkNQ4i

Founder and author @ericries says public companies that report quarterly tend to be 5% less valuable than those that report semiannually, based on data from other countries. "It's not because the effort to do a quarterly report is expensive (although it is expensive and annoying). Rather, they star