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Sovereign Wealth Funds Briefing - Categorized | Market, People

Gonski urges Australia to look long-term

Posted on 28 June 2013

The Australian financial services industry is too focused on short-term results and must find ways to focus on and promote long-term success for investors, according to David Gonski. The chair of the Future Fund board of guardians said the investment community, and Australian business more generally, suffers from shortsightedness.
“Australia suffers in all its sectors from a short term perspective. The Future Fund, the financial services sector and indeed, business more broadly, must find a way to keep the focus away from an unhealthy focus on monthly or quarterly numbers,” Gonski said………………………………………..Full Article: Source


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