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by unpolloloco 1647 days ago
It's inherent when quarterly numbers trump long term stability. If managers are only incentivized to meet short term numbers, they make decisions that are detrimental to the future to meet present-day goals. Our financial markets reward this (though there's a question about why they do this that's open in my mind, as most of the money in the market is invested long-term!), so it trickles down into managerial metrics.