Quote of the Day – on the long term problem with short term thinking

Image representing Ram Charan as depicted in C...

Ram Charan via CrunchBase

“Favouring the short term can permanently handicap a company and its entire ecosystem for the long run. It takes skill and courage to resist the pressure when the owners of capital are represented voraciously by middlemen such as fund managers, whose compensation rests on delivering near term profits. (It’s yet one more dysfunctional aspect of the global financial system : The self-interest of the financial-services industry can work against the future prosperity of the company, its true owners, and the nation.)” Ram Charan

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