No, I think you're inferring that it's dumb to buy new machinery (in general).

Is that a correct assumption on my part?

If it's a dumb decision to do so, then the people making that decision are also dumb.

Is that a correct assumption also?

If I'm wrong, I apologize. Please clarify your position on others buying new machinery, if you could please. Again, I believe you're indicating frivilous spending habits.

Is that a correct assumption?