Williamson: Long-term companies outperform generally but suffer steeper crisis drawdowns
Sarah Williamson · Sarah Williamson – Focusing Capital on the Long-Term (Capital Allocators, EP.67) · Sep 3, 2018 · at 16:51
Sarah Williamson, CEO of FCLT Global, discusses empirical research conducted with McKinsey on the financial outcomes of corporate long-termism.
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“If you look at how long-term companies have behaved, long-term companies on a number of financial metrics, versus how short-term companies have behaved, what you see is that long-term companies outperform in terms of revenue, profitability, share appreciation, job creation, all the things that you would look at over any reasonable period of time. But in the crisis, you could see that they got punished much more harshly than short-term companies.”
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