A Quote by Michael Lewis

Everywhere you turn you see Americans sacrifice their long-term interests for a short-term reward. — © Michael Lewis
Everywhere you turn you see Americans sacrifice their long-term interests for a short-term reward.
The dominance of short-term perspectives has led to routine decisions in the markets that sacrifice the long-term buildup of genuine value in pursuit of artificial, short-term gains.
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.
Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.
Unless you invest in people, you are not going to see growth in the long term, the medium term, and maybe even the short term.
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.
Democracies are expense-averse and they think in terms of short-term, political interests rather than a long-term interest in stability.
If Ibsen's 'Enemy of the People' were alive today, he would recognize the ethic that has informed capitalist and communist countries alike - economic growth before public health and well-being. The true enemies of the people ar those who continue to sacrifice our long-term interests for short-term gains. But perhaps we should all look in the mirror.
Britain can choose, as others are, short term fixes and more stimulus. Or we can lead the world with long-term solutions to long-term problems.
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.
Positive defaults align our short-term decisions with our long-term interests. And we don't always do that.
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.
If you see long term benefit in doing something, but short term pain then you should do it.
As the CEO, I have to take care of the short term, mid term and the long term.
You cannot ignore or completely escape the deeply ingrained short-term reward system within you. But you can become aware of what really motivates you and then tweak your incentives to sustain your long-term pursuits.
The thing that I learned early on is you really need to set goals in your life, both short-term and long-term, just like you do in business. Having that long-term goal will enable you to have a plan on how to achieve it.
Reforms aimed at increasing an economy's flexibility are always hard - and even more so at a time of weak growth - because they require eliminating protections for vested interests in the short term for the sake of greater long-term prosperity.
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