Financial reports as thick as a phonebook
Jul 30th, 2009 by JoeC
Today I in the mail, I received a dose of the financial reports that I’ve come to expect from various funds and stocks that I’m invested in. The one from Barclay’s Captial just offended me. It’s as thick as a local phonebook and has densely printed prose, tables and graphs on every page. My question is, who on earth is going to read any of that? This is a horrible waste of natural resources and simply denudes forests to fill up landfills. All this information is undoubtedly online but the default seems to be paper mail. I’m guessing there’s some law about disclosure that requires financial firms to publish these tomes. It wouldn’t suprise me if it was sponsored by the paper lobby!
That last sentence got me thinking of how there may be another ‘invisible hand’ in the market. Who knew? Actually, might be something to that, right? Thanks Joe!
So Barclay’s Capital denudes forests? Are you certain that they do not use recycled paper? A slanderous comment without proof. And they are not responsible filling up landfills. Put those statements in your recycle bin. Then Barclay’s will not have to denude any more forests! And if Barclay’s really does frost you, then try another financial enterprise.