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Can we please flagban
US SEC preparing to scrap quarterly reporting requirement
481–490 of 491 posts
Re: US SEC preparing to scrap quarterly reporting requirement
#482Earlier quoted context omitted.
It's an extreme example that shortens the time frame and shrinks the cast of characters to illustrate the point. Substitute "telling the truck driver to run stop signs" with "order the factory to increase production", it's the same thing.
Or, sometimes, you order the factory to _reduce_ output to 50% of what it can do for the last week of Q1 so you don't have excess unsold inventory on the books. Then in Q2, you panic because you don't have enough inventory, so you order the factory to produce at 150% to catch up. Both 50% and 150% are inefficient factory states; if you weren't thinking about snapshot reporting you'd have just let it run at 100% and y…
in two word: being short-sighted.
Re: US SEC preparing to scrap quarterly reporting requirement
#483Earlier quoted context omitted.
Personally I'd look at this exercise as a core part of their job I don't see how reporting on the financial results of the company to its owners on a quarterly basis is a distraction. Is this a huge endeavor for the finance/legal/IR teams, yes. Does this impact the operations of the business, not a whole lot.
> don't see how reporting on the financial results of the company to its owners on a quarterly basis is a distraction I invest in mostly private companies. I’m be pretty furious if I learned those executives spend a material part of every quarter making pretty presentations for me. > Does this impact the operations of the business, not a whole lot Every public-company CEO and CFO I know basically has to drop what the…
Of course they do - it sucks and it really sucks for the finance team (but that’s their job). But I’m 100% on board with the rest of the leadership team spending four weeks a year reporting on the results of the company to the people that actually own the company.
Re: US SEC preparing to scrap quarterly reporting requirement
#484Earlier quoted context omitted.
62% of adult Americans own stock.
Not by choice. Stocks are pushed onto Americans (as well as Europeans, and most people in the West) via their pension funds, advanced savings accounts, and sometimes even their salaries (via options). If normal savings accounts in their local credit union would offer adequate interest rates (and if paying in stocks was outlawed by their unions) stock ownership would plummet. I would be surprised if it would even exce…
That’s a good thing!
Anywhere else you put money as an investment will barely match inflation.
Re: US SEC preparing to scrap quarterly reporting requirement
#485Earlier quoted context omitted.
For the company it doesnt work well, you’re leaking too much info to competitors
If everyone is legally required to share it then we're all in the same boat.
I think thats the “nothing to hide” argument. Im not saying its wrong but its a philosophy
Re: US SEC preparing to scrap quarterly reporting requirement
#486Earlier quoted context omitted.
Not by choice. Stocks are pushed onto Americans (as well as Europeans, and most people in the West) via their pension funds, advanced savings accounts, and sometimes even their salaries (via options). If normal savings accounts in their local credit union would offer adequate interest rates (and if paying in stocks was outlawed by their unions) stock ownership would plummet. I would be surprised if it would even exce…
That’s a good thing! Anywhere else you put money as an investment will barely match inflation.
That feels like a disadvantage by design. In a different (and more fair) economy, investing in government bonds or a savings account in your local credit union would give you a better deal then leaving your money with a global hedge fund conglomerate which in turn invests your money into all sorts of unethical companies, including oil and weapons companies.
Re: US SEC preparing to scrap quarterly reporting requirement
#487Earlier quoted context omitted.
That’s a good thing! Anywhere else you put money as an investment will barely match inflation.
That feels like a disadvantage by design. In a different (and more fair) economy, investing in government bonds or a savings account in your local credit union would give you a better deal then leaving your money with a global hedge fund conglomerate which in turn invests your money into all sorts of unethical companies, including oil and weapons companies.
Why is it better? It’s not like your government couldn’t use the money to do something unethical. Same with a bank.
Re: US SEC preparing to scrap quarterly reporting requirement
#488Earlier quoted context omitted.
That feels like a disadvantage by design. In a different (and more fair) economy, investing in government bonds or a savings account in your local credit union would give you a better deal then leaving your money with a global hedge fund conglomerate which in turn invests your money into all sorts of unethical companies, including oil and weapons companies.
Why is it better? It’s not like your government couldn’t use the money to do something unethical. Same with a bank.
Your government is way more democratic then your hedge fund. And I would wager your are in a massive minority (perhaps among my hypothetical < 2% who would own stocks by choice in my hypothetical economy) if you desire your unused money to be spent by Canadian billionaires to further enrich them selves, instead of your government investing in infrastructure, health care, education, etc. or your local credit union lending it to somebody in your community buying their first house, or opening up a new business which you are likely to shop at.
Re: US SEC preparing to scrap quarterly reporting requirement
#489Earlier quoted context omitted.
But on what time scale? Before a few connected entities make a profit or after?
The time scale is at least a thousand times faster than necessary for your retirement savings to be safe. The problem of investment companies selling stupidly at 3am solves itself as they either learn or go bankrupt. And the counterparties making money off those dumb moves don't need to be 'connected'.
Connected is a euphemism for inside trading; someone with knowledge of future actions. With the pedotus giving access via his crypto grift who knows?
Re: US SEC preparing to scrap quarterly reporting requirement
#490Earlier quoted context omitted.
The time scale is at least a thousand times faster than necessary for your retirement savings to be safe. The problem of investment companies selling stupidly at 3am solves itself as they either learn or go bankrupt. And the counterparties making money off those dumb moves don't need to be 'connected'.
Connected is a euphemism for inside trading; someone with knowledge of future actions. With the pedotus giving access via his crypto grift who knows?
I know what the word means.
I'm saying that insider knowledge isn't necessary to make money in this kind of situation, and probably doesn't even help very much. If a bunch of people trade like idiots and cause wild swings when there's no liquidity, you can provide liquidity and make money.