The Curse of Short-Termism
Published
In Chapter 12 of ‘The General Theory of Employment, Interest and Money’, John Maynard Keynes writes of the increasing short-term focus of investors, lamenting: “Investment based on genuine long-term expectation is so difficult day to-day as to be scarcely practicable”. Keynes’ seminal work was…
#chapter12 #johnmaynardkeynes #keynes #danielkahneman