CJR Takes Businessweek to Task For Short-Term Focus

This is kind of funny.

As if we needed any more convincing, BusinessWeek provided yet more evidence yesterday that the media's obsession with short-term stock prices does not make any sense.

The article makes some good points, but so does the lone commenter.

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  • Jason

    The one thing I’d like to add to all of this is that there is a big difference between a good company and a good stock. I don’t think that anyone denies that Google is a highly profitable company. But at a current P/E of 73.01? A stock, like any other financial instrument, is the NPV of its future returns – if you’re willing to pay that much for GOOG, you ought to be very confident that it will sustain a high-growth trajectory (if you’re in it from a fundamental viewpoint). If Google doesn’t live up to expectations, expect its stock to be crushed – not much room for error there.