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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