Buffet, Dimon say short-termism is harming the economy - WSJ

Omkar Godbole FXStreet Contributor

Billionaire investor Warren Buffet and JP Morgan Chief Jamie Dimon believe the companies should do away with the practiceDion of estimating quarterly earnings as the short-termism is hurting the economy.

"The nation’s greatest achievements have always derived from long-term investments. In both national policy and business, effective long-term strategy drives economic growth and job creation", Jamie Dimon and Warren Buffet said, according to Wall Street Journal.

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Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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