Highly recommend reading Keith Ambachtsheer’s recent article on why taking the long-term view is not only good for investing but also society.
There is an important caveat to this positive view of the prospects for continued wealth creation and improved well-being in the twenty-first century and beyond: it assumes that today’s and tomorrow’s public and private investment decisions will be made in time frames long enough to capture the challenges and complexities of the societies in which we now live. In short, it assumes a world in which “responsible long-termism” will be the dominant investment paradigm. – Ambachtsheer
Consumers, elected officials, and investors often miss the value of such a paradigm.
Aaron Careaga 