Authors:

A successful business maximizes the present value of future earnings. The first requirement, therefore, of business success is sustainable profits. One-time winnings, in business as in casinos, are disappointing. We expect more from our investments than that.

Stephen Young (2003). “Moral Capitalism: Reconciling Private Interest with the Public Good”, p.2, Berrett-Koehler Publishers
A successful business maximizes the present value of future earnings. The first requirement, therefore, of business success is sustainable profits. One-time winnings, in business as in casinos, are disappointing. We