Buffett And Dimon: No More Quarterly Profit Forecasts
Warren Buffett and Jamie Dimon, two of the most powerful leaders in the financial industry, have once again urged public companies to stop providing quarterly profit forecasts. According to Buffett and Dimon, the focus of companies on short-term profits run counter to the long-term interests of the business. Berkshire Hathaway does not give earnings guidance.
Source: RTTNews