Management Can Use The Power of Accounting to Mislead You The Ruse of Safety in Numbers

The Rules of Accounting Played by Management

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When managers want to get across the facts of the business to you, it can be done within the rules of accounting. Unfortunately, when they want to play games, at least in some industries, it can also be done within the rules of accounting. If you can't recognize the differences you shouldn't be in the equity picking business.