2min chapter

The Knowledge Project with Shane Parrish cover image

#111 Joel Greenblatt: Investing Made Simple

The Knowledge Project with Shane Parrish

CHAPTER

Accounting Rules That Are Blatantly Wrong or Misleading?

Ibeda: Counting is like a side show. It's, as buff would say, the language of business. I go through every statement and say, what os that number mean? Or how did they get to that number? Trying to understand what's going on. You know, there's somewhat different standards across the world, and what i try to do is homogenize them economic reality. And that's what i'm doing.

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