Think like a bank

[Evan]

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So if I understood correctly:

Japanese have a bunch of average companies doing well but none of them are doing exceptionally well?

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I think it was more like they have a bunch of average companies doing averagely at best while the financial markets around them boomed.


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I'd like to know how far into the future the best companies in the world have planned out. The best American companies, the best Chinese Companies, the best european companies. I hardly doubt they plan no more than 5 years into the future.

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1) I never said companies don't plan 5 years into the future. I said that for most startups, especially tech startups, it's a waste of time.

2) This summer I was working at Citigroup and I spent part of the time working on plans for 7 and 12 years. Looking at our 06 projections compared to the same project a year earlier, the numbers had changed quite a bit. Planning is fine in many cases, but there are lots of times where it's just an exercise in futility.