Episode 441 - Grab Bag Galore
The Soul of Enterprise: Business in the Transformation Economy by THRESHOLD
00:00
The Importance of Financial Statements
You can't use financial numbers to predict the financial future. Get any new prospectus of any company that ended in red. Big red letters on the side of it will be past performances, not an indicator of future results. Gap is only designed to record a transaction after it's happened. It doesn't make any sense to try and point gap towards helping investors or any other interested party trying to predict future performance.
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