October 14, 2024
Practical Uses of Inventory Accounting
June 20, 2020
Delaying Bad News
Disclaimer: The views expressed here are mine and may change without notice. Past performance is not indicative of future results. All investments carry risk, including financial loss. This analysis is for educational purposes only and does not constitute investment advice or recommendations of any kind. Conduct your own research and seek professional advice before investing. Please see important disclaimers here and here.
Defined Benefit plans are things of the past for most
people. But, not for investors. Roughly 20 companies in Dow 30 and more than
300 companies in S&P 500 indices still have such plans. Thus, these
companies need to record pension expenses in financial statements. A company’s
management uses various assumptions in calculating pension expense. What is the
impact of these assumptions on the company's profits? Can these assumptions tell
something about management? Let's look here.
March 12, 2021
Representation crisis
September 30, 2023
Amortization Accounting
February 28, 2025
Investment Process: Evaluating Management through Press Releases
A company's management has two primary responsibilities: running strong operations and allocating capital wisely. However, businesses inevitably experience periods of ups and downs. It is during periods of weak performance that management’s true character is revealed. Since assessing management is a critical part of my investment process, press releases can sometimes serve as a valuable tool in this evaluation.
November 5, 2022
Security Analysis - Chapter 34
Security Analysis by Benjamin Graham and David Dodd was first published in 1934. It is a fundamental book for serious students of value investing.
November 6, 2022
Security Analysis - Chapters 35 and 36
Security Analysis by Benjamin Graham and David Dodd was first published in 1934. It is a fundamental book for serious students of value investing.
November 15, 2024
Importance Of Shareholder Base
Imagine a corporation, A, that owns long-term, stable rental units, but whose shareholders are predominantly day traders. Can the managers of such a corporation have fearless nights?