"The companies we trade are not being held back from greatness by the obligation to file four reports a year. Apple files a 10-Q every quarter and has nine hundred billion dollars in cash equivalents. Nvidia files a 10-Q every quarter and is worth more than the GDP of most G20 countries. The entire S&P 500 files a 10-Q every quarter, and the S&P 500 is at an all-time high. If quarterly reporting is crushing American capitalism, American capitalism is hiding it well. We have looked."
TechCrunch: r/WallStreetBets Really Hates The SEC's Proposal to Weaken Quarterly Reporting
byu/THIMBLEDICK ininvesting
Posted by THIMBLEDICK
4 Comments
Well yeah the whole concept is jobbing investors and traders for the benefit of corporations.
Who gives a fuck what wallstreetbets thinks. That sub has been dead / full of bots since 2022
That sub is full of Europeans and nothing like the wsb of the early days.
I don’t have a strong opinion either way but I do not think its totally bad the way some people are freaking out
First a single quarter alone does not tell much of a story , you probably have to look at 2-4. Now if you are looking at 2+ quarters anyway, well doing bi-annual reporting isn’t a huge deal
Also are you really telling me the people on WSB read the quarterly reports, look at the balance sheet , P&L , statement of cash flow and maybe do their own fundamental analyses before buying weekly call options?
I would guess 95% of WSB have never read a financial statement
On the flip side I don’t buy the “Its too much work”
If its too much work your accounting system is a mess. Or “It makes people focus on short term results” well 6 months is still short term.
IDK I really don’t have strong opinions on it either way