Companies could ditch quarterly earnings for semiannual reports under new SEC plan

[relayerbob]

1. This would help us in the long run

US investors are always worried about the next earnings report, driving companies to short term thinking, at the expanse of long term solutions. Net result, countries (read: China) with a longer horizon than three months are pulling away while billionaires circle jerk themselves over how much money they in the last three months.

Require reinvestments in companies, whether R&D or health care, or whatever, and stop stock buybacks to artificially increase stock prices while consolidating billionaire wallets, and we'll maybe start being able to complete again.