Investment professionals just don't understand. I don't believe that the debate should be about whether or not they are "accurate". They were never intended to be accurate. So you have the wrong end of the hockey stick.

The question in my opinion properly phrased is do we have the right objective/purpose for financial reporting? Once you decide what the purpose is then you can discuss whether or not they were accurate. Otherwise I think that you are just being critical without offering a solution.