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

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. 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.