Why Does the Subsidized Hardware Model Bother Me So Much?
For reasons I cannot entirely articulate, I find that I have a problem with the subsidized hardware business model. There is something about it I find either insidious or distasteful.
Mail Bag: Why Would an Investor Ever Buy an Asset Intensive Business?
The question I tackle this time: “If asset intensive businesses are inferior investments, why would any rational investor ever buy one?”