Remove 2007 Remove Cash Flow Remove Government Remove Metrics
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Hussman's Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing Bubbles; Integrity vs. Respect

MishTalk

The fact that profits as a share of GDP are more than 70% above their historical norm should immediately raise a question as to whether current year earnings or next year’s projected “forward earnings” should be used as a sufficient statistic for long-term cash flows and equity market valuation without any further reflection.

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Finally, Proof That Managing for the Long Term Pays Off

Harvard Business

After all, “short-termism” does not correspond to any single quantifiable metric. And isn’t the focus on quarterly results a natural outgrowth of the rigorous corporate governance that keeps executives accountable? From 2007 to 2014, their R&D spending grew at an annualized rate of 8.5%, greater than the 3.7%