Professor Elam

Thursday August 6, 2015

Here is another down report on McDonalds MCD.  The chain has had lower results for multiple quarters. Now who does this remind you of?  Hmm how about

General Motors

Toyota

Wal Mart

At some point bigness breeds arrogance and the firm becomes oblivious to its mistakes. The reaction is to ignore or deny them. Finally it is too late to react with a firm grown so big.

Come to think of it 2,800 years ago Greece was the premier civilization on earth, but look at it today. Greece still has a great climate, location, etc. but has tried to vote its way to a permanent welfare state. And now welfare Is what it is begging for from its neighbors.