EXCERPT
Watch out for GAAP (Generally Accepted Accounting Principles). It can diminish your investment performance. Seriously! One of the worst things to come out of the early-decade Wall Street scandals was the tendency it fostered, among frightened investors and crusading journalists to mistrust the adjustments analysts make to reported financials. Now, with the economy moving or preparing to move out of recession, it especially important to put a lid on the politics of accounting and get serious about how one ought to be looking at the numbers. FULL ARTICLE.
BY: Marc Gerstein
CATEGORY: Idea Lab