>But, though short-termism is typically bad for the company it has been good for some entities, like Carl Icahn, Bain Capital et al. I wouldn't call it good for

>But, though short-termism is typically bad for the company it has been good for some entities, like Carl Icahn, Bain Capital et al. I wouldn't call it good for the economy. Buffet is a buy and hold. Buffett is buy and hold as long as he retains confidence in the management team. He's certainly not afraid to sell. Entrenched, complacent management is as much a danger to a company's value as "asset strippers". Surely the fact that the company's valuation has dropped so precipitously is a good reason to fire any CEO, particularly when the rest of the market is up so much over the same period.