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3min chapter
TIP465: Value Investing in the Digital Age w/ Adam Seessel
We Study Billionaires - The Investor’s Podcast Network
The Biggest Flaws in Accounting
Gap accounting rules were established after the depression to standardize financial reports across thousands of different businesses with very different business models. The central problem, which we've talked about here and there so far, is that in accounting, the definition of an asset is an expenditure by a company that as a projected life of more than one year. So tech companies have under reported earnings basically because of the outdated tethe counting roles. They will change, i think. But until they change, we, as, you know, intelligent investors, need to make a just to your point,. O noso says.
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