https://wccftech.com/buffett-dimon-theranos-dell-and-the-forward-guidance-question/ > The market. We here in the Finance section of Wccftech love that term. It drives everything we look at and its invocation brings swirling ideas of everything from a local village trading stall to corporate titans, investment banks, stock exchanges, trade wars, valuation models and algorithmic trading. Recent years have seen a number of changes to the financial world, particularly since the 2008 financial crisis and now the distinct approaches taken in Washington and Brussels with dialing back or ramping up financial legislation but in all of this there seem to be some who are questioning one of the fundamental principles behind “markets”. Namely, that of Forward Guidance. > 10 days ago, Jamie Dimon (CEO of JPMorgan Chase [/stock]NYSE:JPM[/stock]) and Warren Buffett (CEO of Berkshire Hathaway NYSE:BRK.A) wrote a joint op-ed which appeared in the Wall Street Journal (paywall) called “Short-Termism Is Harming the Economy” and bemoaning the trend public companies have of providing forward guidance on the quarterly earnings statement among other things. The main point here of course is that companies are providing hints as to what they expect their future quarterly earnings reports to look like. The pair, who are doubtless two of the most iconic names in financial services argue that this means companies spend more time focusing on chasing quarterly numbers rather than investing strategically for long term growth in new technologies or research and development.