is capex good? no according to wsj chart
saw a very interesting chart (50 year span) that showed companies that had the lowest capex outperformed the most and vice versa implying most companies waste money. (low capex had about 6x the money at the end)
other highlights include caveats such as early capex makes sense, but as time goes on, more capex comes in lowering the future returns, and that amazon wont be affected since they invest their money on disruptive things like a 5 billion dollar hq. (im sure GE thought the same thing when they got a golf course, revolutionary really….)
I love my cheese. I got to have my cheddar.