Chuck Saletta has been a regular Fool contributor since 2004. His investing style has been inspired by Benjamin Graham's Value Investing strategy. Chuck also can be found on the "Inside Value" discussion boards as a Home Fool.
Short-termism is seen as bad news because it increases dealing costs and would diminish the likelihood of productive engagement between shareholders and managements. Why would managements bother if they thought the investor wouldn’t be around for any meaningful time?
He can step away happy, for this was in many ways an archetypal Mayweather performance. Counter-punching, rough-housing, crisp and clean punches: all of this was here in abundance, as he nullified the less disciplined Pacquiao throughout. Whether it made for enthralling entertainment is a moot point. The electricity crackled inside the MGM Grand Garden Arena at the opening bell, as a crowd who had paid Wall Street salaries for the privilege of a ticket seemed scarcely able to believe that these two boxers had been brought together at last.