alt Hacker NewsIt’s a common complaint of value investors that boards (especially in this post-Sarbox world) are solely focused on quarterly earnings reports, to the detriment of long term strategy. One way to talk about the added and persistent value of some companies is to note that many of them have powerful, recalcitrant, or somehow anti-quarterly-cadence founders: buffet, zuck, you could make a list.
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The founders who can ignore quarterly pressure (Buffett, Zuck) can do it because they have dual-class shares or enough personal capital to tell Wall Street to pound sand. Removing the reporting requirement doesn't give that same power to a regular CEO -- it just gives them less accountability. The short-termism problem is real, but the fix is better market culture around long-term investing, not less transparency. Without quarterlies, the information gap between insiders and retail investors gets wider, not smaller.
I mean those personalities are also hyperfocused on share price.
Delisting and going private is always an option if you want to go at your own pace and talk to your investors 1:1.