A Caution on Earnings

by Warren Buffett
Earnings can be as pliable as putty when a charlatan heads the company reporting them. Eventually truth will surface, but in the meantime a lot of money can change hands. Indeed, some important American fortunes have been created by the monetization of accounting mirages.
Was this Tip useful?  
Was useful  Was not useful
Copy and paste this HTML in your website to link to this page