Investors tune into earnings calls in order to better understand the company, the numbers they reported, and the little details you can't get from just reading a 10-K. Investors also enjoy listening to management opine about the broader economy because they have access to proprietary data that can serve as a indicator of something larger.

Maybe investors look to $RH to gauge consumer strength & when the CEO makes bearish comments they begin to get nervous. On the other hand maybe the CEO of a luxury retailer can't speak for 'average' consumer...

@paulcerro is the resident bull on Restoration Hardware and while it's a company I never looked at until this Twitter spaces, I do find it really interesting. Warren Buffet also finds it interesting as he took a stake in the company in 2019. I think this video is a great overview of just how impressive their showrooms are, good luck to any competitors looking to emulate their physical presence.

@mos_capital + @youngmoneycapital joined me in the camp of questioning why these comments carried so much weight across FinTwit.