As investors in the U.S. and around the world parse through the newly released second-quarter earnings reports of many of the largest global companies, headline stories like the $4.9 billion wallop taken by Boeing over its 737 Max serve as a valuable reminder of just how important this reporting is. In a healthy market, customers, and investors need reliable information about what they're buying and where they’re investing in order for the invisible hand of the market to operate effectively. That’s why reporting by publicly traded companies, even under flawed rules like the ones currently governing the U.S. market (and which President Trump is pushing the Securities and Exchange Commission to fix), is an invaluable vehicle for the market to regulate itself without the need for government interference. This is a fact private equity firms already understand well, which is why taking companies private -- as Blackstone did with Hilton from 2007 to 2013 and Dell...(Read Full Article)