The focus on short term results could generally be true. Perhaps... generally nothing is true though of course.
(1) consider how many stocks are delisted and/or go out of business. We might be thinking with survivorship bias. A cook google gave this headline "America has lost 43% of listed companies since 1996" (though, more research would be needed to really be sure that's accurate and to determine any more nuances that might be important).
(2) If there are an ever-present amount of short term rewards/results, then we would get growth. A series of short term growth would be hard to distinguish from long term growth.
(3) Long term and short term growth can be mixed, and the strategy does not have to be static. A company could hop back and forth between them. This point contradicts the premise a bit, at the same time we can't discount long term from the noise that we see (it could be signal).
(4) Stock price is not necessarily always tied to financial results. It's supposed to be the sum of all future revenue divided by the number of shares (or something like that), thus, stock price is in part also the expectation of revenue and not actual revenue. Tesla is a notable example, the price of their stock is still very high, with anticipation of amazing revenue gains, but recently their revenue has not been growing by a ton.
(1) consider how many stocks are delisted and/or go out of business. We might be thinking with survivorship bias. A cook google gave this headline "America has lost 43% of listed companies since 1996" (though, more research would be needed to really be sure that's accurate and to determine any more nuances that might be important).
(2) If there are an ever-present amount of short term rewards/results, then we would get growth. A series of short term growth would be hard to distinguish from long term growth.
(3) Long term and short term growth can be mixed, and the strategy does not have to be static. A company could hop back and forth between them. This point contradicts the premise a bit, at the same time we can't discount long term from the noise that we see (it could be signal).
(4) Stock price is not necessarily always tied to financial results. It's supposed to be the sum of all future revenue divided by the number of shares (or something like that), thus, stock price is in part also the expectation of revenue and not actual revenue. Tesla is a notable example, the price of their stock is still very high, with anticipation of amazing revenue gains, but recently their revenue has not been growing by a ton.