Dimon, Buffett Urge CEOs to End Quarterly Earnings Forecasts
- Practice can stifle long-term investment, they write in WSJ
- Argue that some companies have been discouraged from listing
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Warren Buffett and Jamie Dimon are doubling down on their plea for corporations to stop providing quarterly earnings guidance.
Buffett, who runs Berkshire Hathaway Inc., and Dimon, JPMorgan Chase & Co.’s chief executive officer, said in a joint Wall Street Journal editorial that they are encouraging all public companies to consider moving away the practice, arguing that it can stifle long-term investments.
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Dimon, Buffett Urge CEOs to End Quarterly Earnings Forecasts