Investing in a permacrisis
The prophets of doom have overlooked the all-important factor
long term
The inherently short-term nature of the investment management industry
Market conditions are fixed only in part by balance sheets and income statements; much more by the hopes and fears of humanity; by greed, ambition, acts of God, invention, financial stress and strain, weather, discovery, fashion, and numberless other causes impossible to be listed without omission
Investors can counter management short termism
63 per cent of respondents said the pressure to demonstrate short-term financial performance had increased over the last five years
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