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Compare online sources of data: Google Bloomberg SEC

Speaking of financial research, What is important is being able to extrapolate all that data, and there is a lot of data out there, into a usable form for you to make wise investment decisions. And, with all the various ratios we've been discussing in class, we also now have the means to utilize some of those formulas and concepts for what you feel is most relevant in making decisions. Which is almost no different than when you are all in executive management making these decisions for organization as well.

What are the competitors doing? Well, you can find out a lot of their financial data online. What is our industry doing? Again, that information is very readily available for all of us online for intensive research. But... as with anything online, it is critically imperative that you trust and understand your source. There is a lot of garbage out there as well and oftentimes, especially for financials, one must be very cautious in trusting everything that is written. This is where a good cross-checking spreadsheet comes in handy.

Does Bloomberg, Google, and the SEC site all contain the same data? Do your other sources contain the same data as well?

response is 456 words

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This posting contains two questions:

1. Does Bloomberg, Google, and the SEC site all contain the same data?

No. Let me start with the site that has the least, the SEC. The SEC site will contain reports required by the regulator, such as the 10K annual report. These are not edited or interpreted, just available as filed.

Bloomberg, by contrast, contains not only the financial data filed with the SEC, but also interpretations and news that the editors believe those interested in financial matters will want to read ("decision-makers"). Bloomberg has editors that screen and decide what news and events get posted on their page. And, they add interpretations (in the form of headlines) as well ...

Solution Summary

Discussion compares and contrasts these financial sites, discussing the reasons for the differences and how bias is introduced.