Download Memo as PDF The Rise of the Unprofitables and Market Hyperopia? Once upon a time there was great concern about “market myopia” – the tendency of investors to be strongly focused on the short term at the expense of long-term benefits. Along with many CEOs, Nobel Prize winners Richard Thaler and Daniel Kahneman warned

Today the Cornell Capital Group is introducing a new index, the CCG Unprofitable Index. But before we get there a little history. A decade or so ago many corporate CEO’s along with Nobel Prize winners Richard Thaler and Daniel Kahneman were wringing their hands about what they called market myopia. What this meant was that