As we all know…bullet points are the way to go. My question is…say we get a justify with one bullet. Any advice on how OTHERS are tackling this would fantastic. I know it’s “question” specific, but for the one reason I’m kind of not sure what is a partial vs full answer, etc.
- Smoothing spending rate decreases vol of operating expense
Would that be enough? Or do you have to say,
- Smoothing spending rate decreases vol of operating expenses
- This is because it depends on mkt values of last 3 years vs 1 year.
- 1 yea return may have been relatively high, thus increasing the spending, when the year before that may have been a down year.