Para reflexão

"“Today’s culture of quarterly earnings hysteria is totally contrary to the long-term approach we need,”
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“To be clear, we do believe companies should still report quarterly results — long-termism should not be a substitute for transparency,” he said. “But C.E.O.s should be more focused in these reports on demonstrating progress against their strategic plans than a one-penny deviation from their E.P.S. targets or analyst consensus estimates.” (E.P.S. stands for earnings per share.)
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“Annual shareholder letters and other communications to shareholders are too often backwards-looking and don’t do enough to articulate management’s vision and plans for the future,” Mr. Fink wrote. Without management providing a road map for the next few years, he said, “some short-term investors (and analysts) offer more compelling visions for companies than the companies themselves, allowing these perspectives to fill the void and build support for potentially destabilizing actions.”"

Trechos retirados de "Some Heresy on Wall Street: Look Past the Quarter"