The rot reached the top, with investors, directors and managers evaluating performance using cashflow models that were so long-dated that they broke even after their authors planned to retire.

因循守旧前所未有，投资人，董事和经理们用现金流模型评价表现，而这种评估方式已远远落伍。

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The rot reached the top, with investors, directors and managers evaluating performance using cashflow models that were so long-dated that they broke even after their authors planned to retire.

ECONOMIST: Lessons from the telecoms bubble (1)