Faculty Publications

Title

The Fallacy of Short-Term Investment Focus

Document Type

Article

Publication Date

5-5-2017

Abstract

Tomorrow the annual pilgrimage of value investors to Omaha, Nebraska will culminate as Chairman Warren Buffett and Vice Chairman Charlie Munger hold court at the Berkshire Hathaway Annual Meeting. It is a shareholder meeting like no other, as roughly 40,000 people will fill an arena built for basketball and rock concerts.