Wednesday, May 9, 2007

The Proper Way to Look at Business

From Bloomberg:

The slowdown in profit growth ``is temporary as we are planting seeds,'' said President Katsuaki Watanabe, speaking to journalists in Tokyo. ``Our earnings will improve.''

This is from a statement from Toyota's President. Because the company is increasing investment overall profits will slow a bit. But the long-term benefit to the company is really important.

In other words, it's called long-term thinking.