Over a hundred countries around the world use an agreed set of “international financial reporting standards” (IFRS), but the US is not among them. It uses its own “generally accepted accounting principles” (GAAP), which is not generally accepted. American exceptionalism … Read More
Just because you follow the recommendations in the previous post to improve your decision-making by broadening your sources of information and opinions, it doesn’t mean all your problems are solved! What happens if everyone has a different opinion? Suppose you … Read More
Information is only useful when contextualized. The last post included the Company Board for Apple’s 2008 year end financial result; you can look at the income statement in the context of the balance sheet; and you can look at the … Read More