The entire orientation of the business culture is towards long-term horizons.

"You're talking lots of dollars, a long-term horizon, an unclear political mandate," he said.

I consider 65-year-olds as still having a long-term horizon, based on the fact that their life expectancy is probably another 20 to 25 years.

No complete substitute is on the horizon, either short or long-term.

This long-term horizon gives them more incentive to take a hard look at a company's corporate governance, Mr. Davis said.

A high-yield investor needs to have a long-term horizon of anywhere from three to five years.

But venture investments take a long-term horizon.

"We encourage our investors to have a long-term horizon, and we don't think they are paying that close attention to trading on a day-to-day basis."

This long-term horizon allows the fund greater flexibility when trading and investing capital independent of any potential ad-hoc time constraints.

A. The core investing group has always been institutional investors with long-term horizons, namely pension funds and universities.