Thanks, Stuart. A more

[ALB]

Thanks, Stuart. A more detailed summary of this interesting, empirical study here:http://mitsloan.mit.edu/newsroom/2014-corporate-investment.phpThe findings do seem rather obvious to those with a knowledge of how capitalism works, i.e that it is driven by the search for profits and that this explains both "corporate investment behaviour" (and why it leads to booms and slumps).