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The Young Investors Podcast
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I've Decided Not to Insure My Ca This Year?
The net profit came in at twenty six point three billion, which was up eighty eight per cent years. There this recent accounting change, i think it happened two years ago, or something like that,. Which basically means in their net profit in the income statement, they now include unrealized gains on gains and losses on investments. So if you have stocks that go up, even if you don't sell themr i should say, if i has stock, if it goes up, even if they don't sell it, ah, that gain is included as profit. I mean, it's just ridiculous. That's the dummest rule. But foye, for a company like ber...
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