Replies

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.

Lecture me all you wish.....or pretend to. I live it every day in a Fortune 10 corporation. I know how it works, friend.

You are deluded. QtQ results are not related to 'liquidity' in the slightest. That's just a joke. Get out from behind that computer and come play in the real world and see how it's REALLY played.