Business Former Sebi boss Damodaran echoes Buffett, questions practice of guidance Updated : June 08, 2018 07:27 PM IST Damodaran said quarterly accounts are meaningless for some companies like infrastructure – what really can happen in a quarter, when all your projects are going to take several years to complete. Damodaran highlighted the duplicity of public sector bank chiefs guidance, when they say that ‘worst is behind’ during the announcement of quarterly results. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.