bull market reasoning

Rob Schaap rws at comedu.canberra.edu.au
Tue Feb 22 01:31:09 PST 2000



>Bringing internally created goodwill into the book value
>destroys the usefulness of the concept of return on equity and turns the
>accounts into little better than stockbrokers' reports.

Onya, Daniel! Give me accountants over stockbrokers any day. I'm sure the time'll come when we all learn that accountants and the dismal objects of their enquiry have more to tell us than stockbrokers and the ethereal entrails they've been waving at us of late.

Cheers, Rob.



More information about the lbo-talk mailing list