How do we know that? It's what academics teach but you can't depend on academics.
Finally, an economic predictor we can believe in
- Thread starter gwb-trading
- Start date
We can only depend on you, I know I know. Ultimate wisdom by the truly wise and smart.
Academics rarely make money and raking through the mountains of fiction in company reports cannot have much merit. You don't know who is lying today, until that lie comes to light in 6-12 months. How the hell would they know which books are cooked? Like Trump's tax returns- laughable
Most companies especially the ones who dole out RSUs by the millions instead of actually accounting for employee compensation pretend it is a write off while diluting their shareholders. None of those companies abide by FASB and just make up their own "adjusted EPS" which is just a scam. Just do analysis on the cybersecurity darling Palo Alto Networks which claims to make money but in reality has had negative EDITDA as far as the eye can see.
The problem with academicians is they will go down fighting for their beliefs even if they crash the global credit system a la LTCM. Myron Scholes proved to be a worthless trader and a real sociopath.
The problem with academicians is they will go down fighting for their beliefs even if they crash the global credit system a la LTCM. Myron Scholes proved to be a worthless trader and a real sociopath.
There is only one thing I can believe in, when it comes to miracles:
