This is an interesting issue....... On one hand I totally understand Warren's thinking and in the terms of a Berkshire Hathaway this would be a relative non issue. Berkshire reports the truth, doesn't do financial chicanery to meet quarterly numbers and you can trust that management won't hide important issues that shareholders should know about. On the other hand, this is a Trump backed initiative and his motivations for less reporting are FAR more sinister. He wants it for the exact opposite reason- easier to hide financial chicanery, wants the ability to hide bad information and in general wants companies to be less burdened with informing investors of what they are doing. And because of that I am against changing the reporting rules!