Long-termism
Despite caring about our children and the future, we seem to be trapped in a world of myopic short-termism, driven by a capitalist system that is obsessed with quarterly returns for absent shareholders. According to McKinsey research, this doesn’t even make economic sense. Their 15-year analysis of short-term versus long-term oriented companies found the long-term firms showed 47% more revenue growth, 36% more earnings, had $7 billion more market capitalisation growth, a higher total return to shareholders and the creation of 12,000 more jobs. It’s time companies challenged shareholder capitalism and focused on long term value creation.
— Wayne Visser
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From Purpose Inspired: Reflections on Conscious Living, Volume 4. Buy on Lulu ↗