3 ms·
You call it a "myth" then use one example, that disproves the point (why urge to act against a "myth") and another that's a single data point, while ignoring th
by Someone1234 7y ago
You call it a "myth" then use one example, that disproves the point (why urge to act against a "myth") and another that's a single data point, while ignoring the rest of the market.
That's a pretty poorly explored position.
- rb808 7y agoI would have though that the CEO of the world's largest investment company would count more than "one single data point". I know there are a few examples of short term investors ruining a company - but have you any examples of companies punished for choosing long term over short term?
- Someone1234 7y ago> I would have though that the CEO of the world's largest investment company would count more than "one single data point". I said that CEO undercuts your point. You claimed short-term-ism was a "myth," then quoted a CEO saying that a lot of people focus on short term investing, rather than long term investing. Therefore making it not a myth, according to your own source.
- rb808 7y agoMaybe you should actually read it. He said companies might be tempted by maximizing short-term returns because we are late in the economic cycle.
- Someone1234 7y agoTherefore making it not a myth that people do so. Did you read it?