Capitalist Letters

Capitalist Letters

Earnings Mania: Please Stop Listening To Noise!

A single earnings report rarely provides real and valuable signals, yet people can't stop obsessing over them.

Oguz Erkan's avatar
Oguz Erkan
Feb 11, 2026
∙ Paid

I hate earnings seasons.

Now you may ask—how come you can hate earnings season as an investor?

Well, earnings seasons are like rock festivals.

There are only a few good groups worth listening to, and you only want to listen to specific songs of them. Yet, people around are euphoric, fueled by alcohol, and they take every single group and song with a screa…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2026 Oguz Erkan · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture