Counting the Cost of Capital and Seeding Network-Based Accounting
CFA Institute
JUNE 2, 2021
Cost of capital is a tenuous concept. Charlie Munger amusingly calls it a “perfectly amazing mental malfunction.”.
Accounting Standards Economics Performance Measuring 
52 
The End of Accounting? Sustaining Financial Reporting
CFA Institute
DECEMBER 29, 2020
The explanatory power of the financial information reported to investors for market valuation has plummeted in recent decades.
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GAAP sometimes misrepresents business reality. We can use that fact to generate some alpha.
James H. Freis, Jr., CFA: The Rise and Fall of Wirecard
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You can find significant alpha in the mechanics that drive GAAP accounting.
Impact-Weighted Accounting: The Missing Ingredient?
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Can Impact-Weighted Accounting (IWA) help unlock ESG Alpha for investors?
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