Short Sighted stock market and managers concern

"A general term used to refer to the organized trading of securities through various exchanges and through the over-the-counter market. A "stock exchange" is a specific form of a stock market, a physical location where stocks and bonds are bought and sold, such as the New York Stock Exchange, NASDAQ or American Stock Exchange" [1] I agree to the statement that "Stock market is short sighted that it only cares about the next quarter's performance". As …

…limited to the quarterly or short tem benefits. Reference: 1.<Tab/>Eugene Brigham, Financial Management, 10th edition 2.<Tab/>Definition available from http://www.state.il.us/treas/Education/Glossary.htm 3.<Tab/>Daily Times Pakistan , February 2005, article for newspaper available at http://www.dailytimes.com.pk/default.asp?page=story_24-2-2005_pg5_9 4.<Tab/>Jim McMinamin, Financial Management, published by Routledge