Washington Post (August 10)
2015/ 08/ 11 by jd in Global News
“Matters are not as clear as is often suggested regarding short-term-driven ‘quarterly capitalism.’” The “most enthusiastic champions of long-termism” are often the “managements of companies that are dissipating the most value, such as General Motors before it needed to be bailed out.” Long-termism can also lead to short-term excesses, such as “market participants who willingly place huge valuations on many Silicon Valley companies that lack any profits and have little revenue.”
Tags: GM, Long-termism, Profits, Quarterly capitalism, Revenue, Short term, Silicon Valley, Valuations
