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To be sure, the mere fact of a U.S. Soviet agreement seemed of psychological value, but only if both sides were genuinely seeking to reduce arsenals and not simply to maneuver diplomatically for a future advantage.
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Recently warned shareholders about downside of running an industrial behemoth: "Huge sums forge their own anchor, and our future advantage, if any, will be a small fraction of our historical edge".
Playing one of the increasing-returns games in the Casino of Technology requires several things: excellent technology, the ability to hit the market at the right time, deep pockets, strategic pricing, and a willingness to sacrifice current profits for future advantage.
"Huge sums forge their own anchor and our future advantage, if any, will be a small fraction of our historical edge," he said.
Buffett predicts it can show "better-than-average results over time" but warns that "our future advantage, if any, will be a small fraction of our historical edge".
Add a wage packet to the equation and the motivation becomes filthy lucre rather than future advantage.
Future advantage will go to those that can stimulate and support interunit collaboration to leverage their dispersed resources.
Everything the chimpanzees do is in order to garner favour, to gain some kind of future advantage.
In essence, it involves endless and bitter complaints about your opponents' supposed advantages -- to your own future advantage.
Although the studies listed above could be performed in a fairly short time-frame, potential future advantages of a COPD genetics consortium were also appreciated.
The cross-party environment select committee has criticised the "discount" rate used to calculate the benefits of a policy years ahead, undervaluing those future advantages.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com