Did Investor Interest In Financial Reporting Peak With Enron?

Did Investor Interest In Financial Reporting Peak With Enron?

Share to Linkedin Near zero interest rates for more than a decade, passive indexing, the rise of machine learning and the absence of an accounting accident since Enron are the key reasons for declining investor interest in financial reporting. The way forward might be to make quant models more intelligent by incorporating micro insights that a good analyst can eke out of financial statements. Todd Norris, of Neon Electric Corp., left, watches as the E on one of the final remaining Enron ... [+] Field signs outside the formely named ballpark Tuesday, March 26, 2002 in Houston. The Houston Astros bought back the naming rights to their downtown Houston ballpark Feb. 27. They paid about $2. 1 million to take back the stadium's naming rights from Enron, the energy company that went bankrupt in December. (AP Photo/Brett Coomer) "Who reads a 10-K anymore?" I get asked this question quite often when I teach my class on deep fundamental analysis of financial statements. I gave a talk to chief investment officers of state pension funds the other day and asked who among them routinely reads a 10-K. Around 10% of the gathering of around 60 officers raised their hand. This is