Finance Topic

Well, the past two weeks have been interesting: we had the Supreme Court uphold the Obama care law, the Supreme Court siding with the same-sex marriage, and the possibility of the Confederate flag coming down in the Southern states. Then on Sunday, the Greeks decided to say “no” to austerity. I guess the pain of austerity…

I read an article late last week that brought echoes of the late nineties to mind. The article was reporting that a lot of tech companies were leaving off certain expenses on the financial statements because such expenses were deemed irrelevant to the operating results. They still report the proper financials to the SEC but they advise…

It could be just an impression I have, but sometimes when an accountant is asked to put together a plan, he will balk. Accountants are used to certainty (for the most part): set closing schedules, set GAAP rules to follow, things you should and should not do, mathematical steps to reconcile imbalances, and so on….

Huh, didn’t know that there was an economic theory that posits that under certain conditions, companies will want to increase wages for labor because such wage increase will provide benefits. Those benefits could be reduced turnover, increased productivity or whatever else. This theory certainly isn’t mentioned much, if at all. I have heard increasing engagement…

Read an article earlier in the week about an interview with a famous investment fund manager who always preached low-cost fund management and fiduciary duty to your investors. He said that financial management companies are now starting to have the philosophy of managing for your clients and not just for themselves. The article was investor this…

Oh boy! The chutzpah of it. I read an article earlier in the week about two financiers who are suing the government for illegal seizure (I think. The article also mentioned they were suing because they were not benefiting enough.) One was a former CEO of AIG who was indicted for playing a role in setting…