Stockwatch: Murky waters run deep
This article was originally published in Scrip
Executive Summary
The seasons of quarterly and annual results come and go, but as the perpetual and slavish cycle of public disclosure continues, the opportunities for information subterfuge and concealment of bad news expand. In our interconnected and instantaneously updated world, information is copious and cheap, but enlightenment is rather more difficult to acquire. Just as the desert and the ocean are both hostile environments for a thirsty mammal, so secrecy and information overload are both enemies of transparency.