Image Credit: Photo illustration by the Wall Street Journal; iStock
By Jason Zweig | Aug. 17, 2018 5:08 p.m. ET
Such a move, he implied, would reduce companies’ costs of complying with bureaucratic red tape and help corporate executives focus on longer-term goals. Mr. Trump called on the Securities and Exchange Commission to study the feasibility of scaling back the frequency of corporate reporting.…
To read the rest of the column:
The Wall Street Journal, https://www.wsj.com/articles/the-end-of-quarterly-reporting-not-much-to-cheer-about-1534540127
For further reading:
Books:
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money
Louis Brandeis, Other People’s Money: And How the Bankers Use It (1913-14)
Thomas Mortimer, Every Man His Own Broker (seventh edition, 1769)
Articles and other research:
Jamie Dimon and Warren E. Buffett, “Short-Termism Is Harming the Economy” (op-ed in The Wall Street Journal)
“Business Roundtable Supports Move Away from Short-Term Guidance” (press release)
Barry Ritholtz, “Reporting Profits Daily Would End Corporate Short-Termism” (Bloomberg Opinion)
“Moving Beyond Quarterly Guidance: A Relic of the Past” (FCLTGlobal)
John R. Graham, Campbell R. Harvey and Shiva Rajgopal, “Value Destruction and Financial Reporting Decisions” (Financial Analysts Journal)
Mark J. Roe, “Stock Market Short-Termism’s Impact” (SSRN.com)
Salman Arif and Emmanuel T. De George, “Does Financial Reporting Frequency Affect Investors’ Reliance on Alternative Sources of Information?” (SSRN.com)
Henry T.C. Hu, “Too Complex to Depict? Innovation, “Pure Information,” and the SEC Disclosure Paradigm” (Texas Law Review)