That's so subjective. The idea isn't new, many have proposed twice-annually earnings reports; for example the LTSE (Long-Term Stock Exchange) has been trying to

That's so subjective. The idea isn't new, many have proposed twice-annually earnings reports; for example the LTSE (Long-Term Stock Exchange) has been trying to make it happen for a while. If you have worked at a public or large company, chances are, you've probably seen first-hand negative examples of quarter-by-quarter optimization for quarterly earnings; that's far from the "global maxima" or "greatest long-term good". Whether the downsides of less public/investor transparency, less frequent information, etc outweigh the (potential benefits) is a genuine question. There are plenty of words to describe the current SEC chair, this _isn't_ an example of moronic IMO.