Ending Quarterly Capitalism
Quarterly capitalism – a system that drives far too many CEOs, directors, investors, and analysts to focus on short-term performance and return on investment – is on a collision course with reality and should be reformed by the government. In the risk/reward equation that fundamentally drives capitalism, the majority is heedless to the long-term risks of climate change, water scarcity and other game-changing environmental and social threats that will also be financial game changers for the global economy.
A group of top asset managers attending a recent Morgan Stanley sponsored conference were asked about their investment time horizon. Fifty-five percent said a quarter or less; only 20 percent said more than a year and so on. The government needs to hold a review on future of quarterly capitalism.
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Sunday 8 December 2013
Wednesday 10 December 2014