Nanalyze July 5, 2023
Nearly 90 years ago, the good old U.S. government enacted the Securities Exchange Act (SEA) of 1934 after a little market meltdown circa 1929. Sure, the Great Depression sucked, but look at all of the great hiking trails we got out of it. Anyway, one of the new rules to ensure greater transparency and less fraud by companies was the requirement of regular financial statements, including quarterly reports. Some people love them, others hate them. The latter camp believes that focusing on three-month business cycles encourages a short-term obsession with numbers while undermining long-term strategy. Yup, that sounds like ‘Merica.
We usually check in with stocks in the Nanalyze Disruptive Tech Portfolio once per year because we believe that offers...
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