Stop Focusing on Profitability and Go for Growth
Harvard Business Review
MAY 1, 2017
times global GDP) to more than $600 trillion (9.5 times global GDP). Our models suggest that by 2025 global financial capital could easily surpass a quadrillion dollars, more than 10 times global GDP. For example, in some industries — say, construction — long-term ROEs are very close to the cost of equity capital.
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