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renters-ownersAn interesting essay on short term thinking from the CEO of Blackrock.

I’m not sure about manipulating public policy (in the form of lengthening the holding period for the tax treatment of dividends in the US) to impact investor thinking.

However, the idea of getting investors to think like owners instead of renters makes good sense.

http://www.mckinsey.com/insights/strategy/our_gambling_culture?cid=other-eml-ttn-mip-mck-oth-1506

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