Core Viewpoint - President Trump proposed that companies should report financial results every six months instead of quarterly, suggesting this change would save money and allow managers to focus on running their businesses more effectively [1][2]. Group 1: Proposed Changes to Reporting - Trump suggested that the requirement for quarterly reporting should be replaced with a six-month reporting cycle, pending SEC approval [2]. - The current U.S. system mandates quarterly financial reporting for public companies, contrasting with European exchanges that typically require reports biannually [2]. Group 2: Implications for Management - Trump emphasized that the current quarterly reporting system leads to a short-term focus, contrasting it with China's long-term management perspective [2]. - The change is expected to allow managers to concentrate on the overall health of their companies rather than short-term earnings [1][2]. Group 3: Historical Context - The Securities Exchange Act of 1934 empowers the SEC to enforce quarterly reporting requirements for U.S.-listed companies [3]. - Trump's past experience with SEC reporting requirements includes a settlement related to the reporting of adjusted earnings, highlighting the complexities of financial reporting standards [4][5]. Group 4: Industry Perspectives - Warren Buffett, a notable figure in the investment community, has criticized the use of adjusted financial results and the quarterly reporting process, advocating for more transparency [6][7].