01 OCT

Companies are sticking to a practice that Warren Buffett and other business titans warn is damaging the economy

Warren BuffettREUTERS/Fred Prouser

  • Berkshire Hathaway CEO Warren Buffett has long decried Wall Street’s habit of providing quarterly earnings guidance.
  • But last year, S&P 500 companies issued forward guidance at the highest rate since 2008, according to a report by S&P Global Market Intelligence.
  • Executives have made fewer forecasts this year amid more calls to do away with the practice.

Warren Buffett has long said that short-termism is bad for companies, but many didn’t seem to concur last year.

Companies on the S&P 500 issued quarterly earnings guidance 444 times in 2017, the most since 2008, according to a report by S&P Global Market Intelligence released on Thursday.

See the rest of the story at Business Insider

NOW WATCH: Ray Dalio says the economy looks like 1937 and a downturn is coming in about two years

See Also:

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Related Posts '

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.