Saturday, May 07, 2016

A Website for Old Financial Analysts

 Apple (AAPL) has hundreds of listings on; for example, 2015 showed 53 documents.
For investment and industry analyses I like to read companies' actual financial statements, not filtered summaries.

One comprehensive source is the U.S. Securities and Exchange Commission website, However, the site is far from user-friendly; it "function[s] like it was designed in the Pong era."

Zeroing in on documents seems especially nettlesome when researching ETFs and Mutual Funds.
The reason is that the earliest ETFs were structured as unit investment trusts, not open-end funds like the newer ETFs. So the SEC puts [older ETFs] in a different search engine. It does the same for closed-end funds, which it considers investment companies, not mutual funds.'s search bar will answer simple requests. For example, "Chevron executive compensation" will pull up hundreds of documents that contain those three words, most having very little to do with Chevron. One must be willing to read thousands of pages, just like in the old days.

Though this is a vast improvement over plowing through reports in the business section of the public library, I doubt there are too many under-30's who appreciate They probably didn't see the fascination with Pong, either.

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