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"The focus on quarterly results comes hand in glove with the liquidity that provides the jobs we have. Without this liquidity the economy would be far worse."

No, I'd argue that point. What about liquidity based on a yearly outlook? A two-year outlook?

No......I can tell you for a fact that it has nothing whatsoever to do with 'liquidity'. No offense intended when I say that's a canard.

You are wrong. Look at the volume of trading. Quarterly profits is what drives the market. I'm in it every day and if I look only to next year I get may head handed to me. I'm not saying that y.y is not important but it is measured on a quarterly bases. If companies only reported once a year the cost of capital would be much higher. MUCH.

In any case you are pissing into the wind. The markets will always invest or not invest based on quarterly profits. Companies that make their quarterly estimates will have better access to capital than those that do not.

Look at the cost of capital for private companies. VC have a 10x model going in. They do not always hit it but because of the lack of liquidity that is the price entrepreneurs need to pay.

I'll find a good book for you to read! I'd start with Sowell referenced elsewhere in this thread.