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A comment on Markets are efficient if and only if P=NP (2010). Parent comment

Re:Markets are efficient if and only if P=NP (2010) by xondono on Wednesday October 21, 2020 @08:34AM (#24847134)
> I'm looking specifically at the meme that public companies are somehow required to maximize short-term profits for their shareholders.

I love that meme for how wrong it is. Public companies don’t maximize short-term profits, maximize profits (with future profits discounted).

The fact that to a lot of people “profits” == “short term profits”, reveals quite a lot about our assumptions and time preferences..

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Re:Markets are efficient if and only if P=NP (2010) by refurb on Wednesday October 21, 2020 @08:50AM (#24847295)
Indeed. I can think of plenty of examples where companies strongly focus on long-term profits, I mean, if they don't it's likely the company won't exist.

Now if someone said companies focus on continuous quarterly growth, and sometimes sacrifice a portion of long-term growth for short-term growth, I could agree with that.

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