The Answer to Short-Termism Isn’t Asking Investors to Be Patient
Harvard Business Review
JULY 18, 2017
An informed shareholder, who looks beyond earnings numbers and analyzes the company’s intangible assets, would notice that the firm has mortgaged its future. Gathering information on a firm’s intangible assets is costly, and so not worth doing if you own only a tiny bit of stock in a company.
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