Beware of Short-term Management, Not the Short-term Investor
Harvard Business Review
DECEMBER 1, 2011
This blog post is part of the HBR Online Forum The CEO's Role in Fixing the System. The short-term investor does not reduce the firm's long-term competitiveness and value;short-term management does. A firm's long-term value should correspond to the present value of future expected cash flows.
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