Model
Short-termism
quote
These unintended consequences are likely to arise when people don't plan for the long term. From finance, short-termism describes these types of situations, when you focus on short-term results, such as quarterly earnings, over long-term results, such as five-year profits. If you focus on just short-term financial results, you won't invest enough in the future. Eventually you will be left behind by competitors who are making those long- term investments, or you could be swiftly disrupted by new upstarts (which we cover in Chapter 9).
From
Chapter:
Anything That Can Go Wrong, Will
Section:
It's Getting Hot In Here
