December 18, 2018
I am a self-managing investor of my own funds. I prefer that quarterly reporting by public companies continue. I use quarterly reporting to make informed investment decisions. Giving companies the "flexibility" to report on a non-quarterly basis will negatively impact my investment decisions.
"Short-termism" is relative. I can track market movements and take actions at microsecond intervals. To such a trader, swing trading based on daily or weekly intervals are an eternity. Re-evaluating companies and investments based on quarterly statements is neither short nor long "termism". Based on how often quarterly reports DO reflect new information, often causing significant market reaction, the interval is both reasonable and useful in helping investors keep track of the performance of their equity holdings.
Regarding duplicate disclosures, as long as identical information is publicly accessible online via Form 8-K, I do believe it is necessary to also provide it via Form 10-Q.
Thank you.