How Alpha Hides in GAAP Accounting: Return on Equity
CFA Institute
MARCH 5, 2021
You can find significant alpha in the mechanics that drive GAAP accounting.
CFA Institute
MARCH 5, 2021
You can find significant alpha in the mechanics that drive GAAP accounting.
CFA Institute
APRIL 5, 2021
GAAP sometimes misrepresents business reality. We can use that fact to generate some alpha.
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CFA Institute
JUNE 2, 2021
Cost of capital is a tenuous concept. Charlie Munger amusingly calls it a “perfectly amazing mental malfunction.”.
CFA Institute
DECEMBER 29, 2020
The explanatory power of the financial information reported to investors for market valuation has plummeted in recent decades.
CFA Institute
AUGUST 18, 2020
Low accounting comparability can be costly for both firms and managers.
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