There’s a million reasons to fear the direction leadership in this country is going and not just as the presidential level. Conersvatism seems to have made an enemy over measuring the state of things if they suspect the outcome might have bad optics. We’re so far beyond anti-science, we’re anti-number. Anti-tracking. Anti-looking.
Genuinely, what possibly argument is there for looking at less data than what the market has determined is correct?
chronoit on
Sounds like a good way to hide bad news for longer. I get the whole don’t think quarterly mentality but that is actually just a symptom of capitalism not reporting standards.
Humble-Plankton2217 on
The Party of Low Information
Don’t count the data. Don’t run the reports. Don’t test for sickness.
“Just stay dumb, trust us, we’ll take care of EVERYthing for you. Pinky Promise!”
RabidFresca on
Someone left another comment somewhere else that I think hit the nail on the head. He thinks the economy is going to crash within the next 6 months.
picodot on
Some time ago I read an summary of research done on this question. Turns out researchers have identified a few things that could go different. It could remove some of the volatility on the market as things look more towards a longer term – there could also be more reliance on alternative sources on hot companies. However, what I thought was more striking was that a lot of public companies right now, given quarterly reports that drive prices, are hyper focused on the short term instead of long term value / benefits to their product’s & stakeholders.
I’m not advocating for such a change, but certainly this is not the first time someone questions how companies report earnings and the frequency of it. Additionally, [research](https://business.columbia.edu/sites/default/files-efs/pubfiles/1057/JAE_05-4892_manuscript.pdf) has also shown that there is little historical evidence of differences in timeliness between firms reporting quarterly and those reporting semiannually, even after controlling for self-selection. As the research shows, perhaps it should be left up to the companies flexible (quarterly or semiannually)
fonocry on
Investors would pull their money out of the stock market and put it into safer assets. Why take the risk of owning a stock and blindly hold it in that asset when you only get timely information?
doubagilga on
Let’s make our food requirements for ingredients the same as Europe.
Let’s make our financial reporting requirements the same as Europe.
Screams from Democrats. “The horror!”
Let’s make our medical system similar to Europe.
Let’s make our social welfare systems similar to Europe.
Screams from Republicans. “The horror!”
Me: will somebody think of the children?!
This is so pathetic it is laughable. How on earth can both of you manage to say this stuff with a straight face and get this excited. How is it that people can be so intellectually dishonest except that they are partisan cheering for their team. All these “critical thinkers” are just the efforts to defend position like a team on a field of play. Truly George Washington has been proven right and partisanship has turned into the trap he predicted.
zayelion on
Trump does a random radical leftist thing every 2 months after extreme rage baiting and general incompetence. I really think he just listens to the last person in the room and parrots it. Moving to the European standard cuts down KPI gaming that harms workers quality of life.
retrominifridge on
I actually think this is a good idea. Because companies are expected to report quarterly earnings, they focus on short term gains instead of initiatives that would be good for the company and economy in the long run.
This is a general issue in American politics and economics. Presidents and representatives have such short terms, so they support policies that work in the short term and kick the can down the road.
Perguntasincomodas on
Might be a good idea to stop the quarterly reporting, lots of other countries – including developed ones – have semi-annual. Make it optional.
What I’d really like to see him advocate is an end to stock buybacks, unless the company has no debt, and particularly no buybacks if it has received government money within the last 10 years.
Interesting-Ease8882 on
Its because they have been stat padding result for a while now and I think even more so since Trump came into power. Like how on earth are they betting all metrics given all the turbulence etc
11 Comments
There’s a million reasons to fear the direction leadership in this country is going and not just as the presidential level. Conersvatism seems to have made an enemy over measuring the state of things if they suspect the outcome might have bad optics. We’re so far beyond anti-science, we’re anti-number. Anti-tracking. Anti-looking.
Genuinely, what possibly argument is there for looking at less data than what the market has determined is correct?
Sounds like a good way to hide bad news for longer. I get the whole don’t think quarterly mentality but that is actually just a symptom of capitalism not reporting standards.
The Party of Low Information
Don’t count the data. Don’t run the reports. Don’t test for sickness.
“Just stay dumb, trust us, we’ll take care of EVERYthing for you. Pinky Promise!”
Someone left another comment somewhere else that I think hit the nail on the head. He thinks the economy is going to crash within the next 6 months.
Some time ago I read an summary of research done on this question. Turns out researchers have identified a few things that could go different. It could remove some of the volatility on the market as things look more towards a longer term – there could also be more reliance on alternative sources on hot companies. However, what I thought was more striking was that a lot of public companies right now, given quarterly reports that drive prices, are hyper focused on the short term instead of long term value / benefits to their product’s & stakeholders.
I’m not advocating for such a change, but certainly this is not the first time someone questions how companies report earnings and the frequency of it. Additionally, [research](https://business.columbia.edu/sites/default/files-efs/pubfiles/1057/JAE_05-4892_manuscript.pdf) has also shown that there is little historical evidence of differences in timeliness between firms reporting quarterly and those reporting semiannually, even after controlling for self-selection. As the research shows, perhaps it should be left up to the companies flexible (quarterly or semiannually)
Investors would pull their money out of the stock market and put it into safer assets. Why take the risk of owning a stock and blindly hold it in that asset when you only get timely information?
Let’s make our food requirements for ingredients the same as Europe.
Let’s make our financial reporting requirements the same as Europe.
Screams from Democrats. “The horror!”
Let’s make our medical system similar to Europe.
Let’s make our social welfare systems similar to Europe.
Screams from Republicans. “The horror!”
Me: will somebody think of the children?!
This is so pathetic it is laughable. How on earth can both of you manage to say this stuff with a straight face and get this excited. How is it that people can be so intellectually dishonest except that they are partisan cheering for their team. All these “critical thinkers” are just the efforts to defend position like a team on a field of play. Truly George Washington has been proven right and partisanship has turned into the trap he predicted.
Trump does a random radical leftist thing every 2 months after extreme rage baiting and general incompetence. I really think he just listens to the last person in the room and parrots it. Moving to the European standard cuts down KPI gaming that harms workers quality of life.
I actually think this is a good idea. Because companies are expected to report quarterly earnings, they focus on short term gains instead of initiatives that would be good for the company and economy in the long run.
This is a general issue in American politics and economics. Presidents and representatives have such short terms, so they support policies that work in the short term and kick the can down the road.
Might be a good idea to stop the quarterly reporting, lots of other countries – including developed ones – have semi-annual. Make it optional.
What I’d really like to see him advocate is an end to stock buybacks, unless the company has no debt, and particularly no buybacks if it has received government money within the last 10 years.
Its because they have been stat padding result for a while now and I think even more so since Trump came into power. Like how on earth are they betting all metrics given all the turbulence etc