| We hear a lot of criticism these days of people focussing too much on the short term. Whether it be business people not looking beyond next quarter's financial results, or politicians supposedly hostage to a 24 hour news cycle. Both claims, in my view and experience, are greatly overstated.
Where I do find worrying short-termism, however, is in Australia's approach to commodity prices. The media will show a 2-3 year graph of, say, oil or iron ore prices dropping from over $100 a barrel or tonne to now be around $40...............................................Full Article: Source
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