this post was submitted on 26 Nov 2024
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Wtf kinda of investor calls don't have concrete numbers? Nothin makes me more suspicious than when a company tells me things are fine but won't let me see for myself.
You have evidently not had the misfortune of listening to shareholder meetings of anything involving Elon Musk.
Oh sure, there are numbers. They're almost all aspirational, or outright lies/misdirects to focus on some other metric that looks better...
But, somewhat more seriously, it is pretty common in shareholder meetings for many different publicly owned companies to only report non-specifically-legally-required concrete numbers if:
A) The board/CEO thinks they are really good.
B) Someone specifically asks for an exact, precise number, which is not as common as you might expect...
... and even then, the easiest thing to do is just say 'I don't have that in front of me right now, I'll get back to you on that' when its almost always the job of this person to know that number and have it ready for that meeting.
These higher ups are convinced that is just too much detail. Same with conversations on.. ok.. but how.. yeah that's implementation details.. that's for other people to worry about. Line goes up?