"the stock market is shortsighted, that it only cares about the next quarter's performance." do you agree or disagree with this statement and why?

Introduction First of all the initial basis of the question is difficult to test in regard to my organisation. I'm suggesting this as the organisation is entirely privately owned and managed, and further to compound this, by one family. "Some companies are so small that their common stocks are not actively traded; they are owned by only a few people, usually the companies' managers. Such firms are said to be privately owned, or closely held, …

…not an 'in the bag' payment. So in conclusion, I agree with the statement, and further support it as a vehicle through which all stakeholders should benefit. [1] Financial Management, Theory and Practice, Eugene F. Brigham, Michael C. Ehrhardt 10th Edition [2] P.H. Dybvig and J.F. Zender, "Capital Structure and Dividend Irrele-,vance with Asymmetric Information," Review of Financial Studies (Vol. 4,No. 1, 1991), pp. 201-220. [3] Corporate Investment and Finance, http://mgv.mim.edu.my/Articles/00265/960187.Htm