Addressing Narratives Against Citizenship Amendment Act (CAA)
The Citizenship Amendment Act is now active in India. With that comes the Anti-Hindu hate-filled narratives. Let us address those narratives.
Investing and financial advisory is so tough that most don’t get it right. Any help we can get from various quarters is useful. Here is a very good – and succinct – list of things that EVERY financial advisor Columbia sc and investor should remember. It is from an interview by Charles Kirk with Herb Greenberg.
GAAP, although not paid much attention by the investors, is very important in the final analysis.. specifically in context of how companies use (or misuse it). Greenberg’s advise on that front is also pretty impeccable:
GAAP is a big gray area. Virtually everything is subject to interpretation. I’ve learned that some managements are more conservative than others. Best thing is to compare the way companies and their peers in the same industries treat the same kind of accounts. Beware of companies that have no true public peers. They can account for anything any way they want and there was no way to tell whether they are being conservative or aggressive. And beware of companies that always seem to be changing the way they report certain metrics, especially if they have no apples-to-apples peers. Can’t wait until International accounting standards take effect. They will make GAAP look stringent.
Every Sunday AM (US Time)/ PM (India time), we send out a weekly detailed newsletter. We also share other insightful notes during the week. Its free. Do sign up and share with friends!