Thursday, September 10, 2009

Buffett and Bogle Urge Reforms to Address “Short-Termism”

Berkshire Hathaway Chairman Warren Buffett and Vanguard Group founder John Bogle have joined with 26 other prominent individuals to call for action to reduce “short-termism” in business and investment management. In an Aspen Institute statement released today and summarized in a Wall Street Journal article, the group called for more robust action to encourage longer term thinking among investors, boards, and executives.