Beware of Short-term Management, Not the Short-term Investor
Harvard Business Review
DECEMBER 1, 2011
Moreover, I fail to see any argument why such short-term traders, by themselves, destroy value for the economy as a whole. Clearly, some of these traders could get very rich even while others lose money, but these trades — unless they influence operators within companies — amount to little more than robbing Peter to pay Paul.
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