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William_Quixote comments on Contrarian LW views and their economic implications - Less Wrong
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Not really. Many large well managed corporates literally have more cash than they know what to do with. If you look at cash and very liquid short term cash like debt instruments as a percentage of total corporate value it's as high as it's ever been.
True, but "resources" is much more than cash. I think the bottleneck resource for large well-managed corporations is finding enough smart talented motivated people who get shit done.
I think actually it was higher in the '50s. Corporates had extremely conservative balance sheets in those days, with lots of treasuries. But we're certainly at high levels by the standards of the past 40 years.