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Business leaders encourage move away from quarterly earnings reports

Photo: Spencer Platt/Getty Images

"Short-Termism Is Harming the Economy," JP Morgan Chase CEO Jamie Dimon and Berkshire Hathaway Chairman Warren Buffett write an op-ed for The Wall Street Journal.

Why it matters: "The pressure to meet short-term earnings estimates has contributed to the decline in the number of public companies in America over the past two decades. Short-term-oriented capital markets have discouraged companies with a longer term view from going public at all, depriving the economy of innovation and opportunity."