Morningstar’s Jo Guo discusses the importance of financial fundamentals to stock research and why every public company should report the same information in the same fashion in this 8 minute video. She also covers why investors should determine what data is reported and how that data is reported, not the public companies themselves. And finally she’ll explain why XBRL formatted data is used by Morningstar today.
” XBRL in particular is interesting because it makes financial statement data collection less costly and more accurate.” – Jo Guo, Head of Fundamentals, Equity Data Operations, Morningstar investment research
