Musk hasn’t earned right to earnings-day silence like Buffett, Bezos

VEA Vice Chair Nell Minow is quoted in this CNBC article about quarterly calls.

Nell Minow, a Tesla shareholder and well-known investor watchdog, said she is not a huge fan of the quarterly calls. She said they “play into and perpetuate overfocus on both short-term numbers and the relevance of Wall Street analysts who try to justify their value by trying to inflate the importance of the announcements made on the calls.” Minow, who is vice chair at ValueEdge Advisors, which works with institutional investors to engage with corporate management, added, “You won’t find Warren Buffett or indeed most value investors spending time on the calls.”  Minow said the calls can serve a purpose — usually when a short-seller asks a tough question or when the CEO departs from the talking points. “But more than 95 percent of the time it’s so orchestrated that it adds no value.”

Source: Musk hasn’t earned right to earnings-day silence like Buffett, Bezos

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