Dimon, Buffet Claim ‘Short-Termism’ Is Hurting the Economy

JPMorgan CEO Jamie Dimon and Berkshire Hathaway chair Warren Buffet contended in a Wall Street Journal article that quarterly earnings reports are promoting a short-term corporate strategy that is hurting the economy.

Berkshire Realizes $11.7B Profit on Warrant Exercise, Becomes Largest BofA Shareholder

Berkshire Hathaway exercised its warrants to purchase 700 million shares of common stock of Bank of America. The deal makes Warren Buffett’s Berkshire the largest common shareholder of Bank of America.