On 9/1/2014 1:39 PM, Russel Winder via Digitalmars-d wrote:
Apart from some pension fund managers who have serious long term goals, the problem can be laid fairly and squarely at the feet of traders and hedge funds. They have horizons of minutes or months rather than decades and so have no concerns about long term viability just short term profit. The obsession with quarterly returns and growth in such timescales is all the proof needed of the problem.
The high P/E ratios for companies like Amazon are the counterexamples where investors are clearly valuing long term potential over short term results.
