In a 2010 interview with The Globe and Mail , 32 Larry Fink, founder of BlackRock, Inc., one of the world’s largest asset management companies, commented on mark- to- market (i. e., fair value) accounting. He acknowledged that it was good for investors since it enabled “a more accurate appraisal” of assets than historical cost accounting and increases “granularity and transparency.” However, he claimed that it also “forces investors, analysts, and corporate management to concentrate on quarterly results,” discouraging “longer- term corporate thinking.”

Required
Do you agree with Mr. Fink? Give reasons why or why not.