A Quote by Christina Romer
What we're going to do is redouble our efforts on financial regulatory reform, because that has in it sensible things like say on pay, so at least the shareholders are minding the store, sensible things like saying, for heaven's sakes, compensation should be focused on - on long term, so that you don't have rewards for short-term risk-taking.
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Frequent comparative ranking can only reinforce a short-term investment perspective. It is understandably difficult to maintain a long-term view when, faced with the penalties for poor short-term performance, the long-term view may well be from the unemployment line ... Relative-performance-oriented investors really act as speculators. Rather than making sensible judgments about the attractiveness of specific stocks and bonds, they try to guess what others are going to do and then do it first.
Business is all about learning to balance the short-term, medium-term and long-term and I think it's when things are going well it covers up a lot of mistakes and bad decisions because you're growing so quickly.
The failure to work out sensible budgets makes it impossible for government agencies to make long-term plans, and instead leaves them scrambling to spend money in the short term.
We don't really look at the stock, you know? Because for us, it's about the long term. And so we're very much focused on long-term shareholder value but not the short-term kind of stuff.
We believe strongly that in the long term, we will be better served - as shareholders and in all other ways - by a company that does good things for the world even if we forgo some short term gains. This is an important aspect of our culture and is broadly shared within the company.
The financial time frame always has been short-term. Projects with long-term paybacks are cut back, because CEOs and financial managers simply want to take their money and run. That is the financial mentality.
The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.
One of many strengths that I often see in successful women on Wall Street is a responsible balance between risk taking and risk mitigation - the ability to assess situations smartly and make the right medium-to-long-term decisions without being lured into reckless, short-term profit-taking.
I think we have a Tea Party mandate, and that Tea Party mandate is for good-government type of things, things like term limits, things like a balanced budget amendment, things like read the bills for goodness sakes, things like that maybe Congress should only pass legislation that they apply to themselves as well.
I want to take a long-term view. Being distracted by short term things can be dangerous when you are making cold, calm, long-term decisions.
We want everything in a hurry because our primary aim must be survival in the short term. Long term thinking has seemed like a luxury in human history because lives were shorter, but with our increased longevity we have to figure out what to DO with all our time, and to pace ourselves to achieve things that we want. Hobbes might have been right when he originally wrote that life is 'nasty, poor, brutish and short', but today we are AWASH with time.
For too long, the world has been focused on short-term growth and development at the expense of our long-term survival as we have depleted our natural resources at historically reckless rates.
Angela Merkel has been focused on the right things. She has focused on the interests of her citizens - and not just in a narrow, short-term way, but in a very thoughtful - Let's make the world a better place for future generations as well - kind of way. Whether it's about climate or migration, she's not afraid to look at the longer-term trendlines and say, OK, we need position ourselves here, even if it doesn't seem obvious - this is the direction we need to go in. People respect that in Merkel, that a politician has a vision for the long term.
Debasing your currency sometimes works in the short term, it has never worked in the long term and does not even usually work in the medium term. Lots of politicians like to do it because it is an easy way.
Your immediate environment is comprised of coffee shops, supermarkets, websites, apps and all kinds of things - none of which have an interest in your long-term or short-term financial well-being.
With my eyes closed, I ask if she knows how this will all turn out. "Long-term or short-term?" she asks. Both. "Long-term," she says, "we're all going to die. Then our bodies will rot. No surprise there. Short-term, we're going to live happily ever after." Really? "Really," she says. "So don't sweat it.
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