Amazing. For one of the few times ever, I agree with Trump about something. That said, I am of slightly mixed feelings on this. Why?
1. On the downside, this could be seen as reducing transparency and possibly enabling corruption and other nefarious behavior. Given what we know about Trump, I'd assume this is his motivation for pushing this item, but...
2. On the flipside, moving away from such a quarterly focus on things could help companies shift to taking more of a long-term view, and could reduce the frequency of knee jerk reactions designed to boost quarterly earnings.
I'd say (2) slightly outweighs (1) in my mind, so I generally think this would be a good move - on balance - if it happens.
should be replaced with near-real-time public dashboards of estimated values for standard operating metrics
then a company should be audited every so often for how far off their estimated values are from expert opinions of the same metrics, based on the auditor's analysis of the same base data set
Yes, that is the reason. Trump's only motivation for every word he speaks and action he takes is for his benefit, exclusively. That's his entire ethos.
Amazing. For one of the few times ever, I agree with Trump about something. That said, I am of slightly mixed feelings on this. Why?
1. On the downside, this could be seen as reducing transparency and possibly enabling corruption and other nefarious behavior. Given what we know about Trump, I'd assume this is his motivation for pushing this item, but...
2. On the flipside, moving away from such a quarterly focus on things could help companies shift to taking more of a long-term view, and could reduce the frequency of knee jerk reactions designed to boost quarterly earnings.
I'd say (2) slightly outweighs (1) in my mind, so I generally think this would be a good move - on balance - if it happens.
this would be fine
should be replaced with near-real-time public dashboards of estimated values for standard operating metrics
then a company should be audited every so often for how far off their estimated values are from expert opinions of the same metrics, based on the auditor's analysis of the same base data set
Do the replacement first, then dump the quarterly. Otherwise, that info will just never get revealed.
I am always suspicious of whatever comes out of Trump's mouth. Does he want to do away with them because they are full of bad news right now?
Yes, that is the reason. Trump's only motivation for every word he speaks and action he takes is for his benefit, exclusively. That's his entire ethos.