“investing in R&D is a way to buy a sort of talent buffer: when business is good, researchers can focus on things that won't be practical for a decade, but when the business is threatened, there's a talent bench that can be redirected…”

“investing in R&D is a way to buy a sort of talent buffer: when business is good, researchers can focus on things that won't be practical for a decade, but when the business is threatened, there's a talent bench that can be redirected…”

https://capitalgains.thediff.co/p/moonshotsorbuybacks

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