bull market reasoning

[Rob Schaap]

>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.