Subject: Re: Buffett and Dimon should call Becky, today,
Semi annual reporting of earnings is not less transparency.

Companies can release updates on their businesses at any time. Some credit card companies release monthly charge-offs. Some Autos release monthly sales. Interim updates can be released at any time.

However, the majority of companies don't have a dramatic change in business every 90 days. I have worked for a few S&P 100 companies. The amount of effort necessary to meet this quarterly requirement is substantial.

Do I care if BRK, BAC, MSFT, etc? Report earnings every 90 days? I don't. CNBC might? They need advertising dollars. The 90 day period is arbitrary. So is 6 months. But the key is be open to ideas that may improve the life of everyone. Trump is just proposing to rethink how we do things? And yes in this instance I think 6 months is better than 3 months.