Report Earnings Daily (2018)

Trump originally brought up the idea of less frequent company reporting during his first term, and there were some rumbles of bringing back the idea recently.

This article is from his first term:

> This is exactly backward: more frequent reporting makes the data less significant. In the real world, human behavior emphasizes what occurs less often — meaning doing something less frequently gives it an even greater significance than something that becomes routine or common.

> That is the difference between a New Year’s Eve celebration and a married couple’s weekly date night.

> Twice a year earnings reporting will make the event so momentous, with such focus on it that any company that misses analysts’ forecast will find their stock price shellacked. The twice-yearly focus on making the per-share number will become overwhelmingly intense.

> This is counterproductive.

> My proposal: report earnings monthly, with the goal of eventually moving to a near real-time, daily, fundamental update. Technology is improving to the point where business intelligence software and big data analyses will make this automated. Indeed, some companies already do much of this internally.

This is the author's personal weblog, but it was also posted at Bloomberg at the time:

* https://www.bloomberg.com/view/articles/2018-08-20/reporting...

The author hosts the Masters in Business podcast at Bloomberg, and is the CEO of a family office firm:

* https://en.wikipedia.org/wiki/Barry_Ritholtz

* https://en.wikipedia.org/wiki/Family_office