Accounting Quote by Andrew Fastow Download Open image “Mark-to-market accounting is like crack. Don't do it.” — Andrew Fastow ★ ★ ★ ★ ★ 3.7 out of 5 (8 ratings) Copy quoteShare Accounting Crack Cracks Investing Like Mark
Derivative trading with mark-to-market accounting degenerates into mark-to-model. Two firms make a big derivative trade and the accountants on both sides show a large… — Charlie Munger Copy Share Image
Every quarter, we need to see the portfolio and follow the accounting practice of mark-to-market that values investments according to the prevailing market prices… — Chanda Kochhar Copy Share Image
Without market prices for capital goods, accounting is not possible. You don't know if you are making money or losing money, saving resources or… — Llewellyn Rockwell Copy Share Image
A lot of people disagree with me on this, I believe in mark to market. — Warren Buffett Copy Share Image
We don't understand the equity market well, and so we deploy funds in fixed-income securities, and like any other securities, investment in those securities… — Chanda Kochhar Copy Share Image
Capital isn't this pile of money sitting somewhere; it's an accounting construct. — Bethany McLean Copy Share Image
Anyone with an engineering frame of mind will look at [accounting standards] and want to throw up. — Charlie Munger Copy Share Image
Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you're doomed to do poorly. — George Soros Copy Share Image
I wish I could undo what I did at Enron but I can't. I understand that I deserve punishment. Your honor, I accept the… — Andrew Fastow Copy Share Image
I lost my moral compass and I have done terrible things that I very much regret. — Andrew Fastow Copy Share Image
There are people who look at the rules and find ways to structure around them. The more complex the rules, the more opportunities. — Andrew Fastow Copy Share Image
When I was initially charged I still thought I was not guilty because I had followed the rules. — Andrew Fastow Copy Share Image
The question I should have asked is not what is the rule, but what is the principle. — Andrew Fastow Copy Share Image
We do not know enough about how the present will lead into the future. We shall never be able to say, "Ha! My perception,… — Gregory Bateson Copy Share Image
“Outer happiness has Diminishing Marginal Utility; the more it grows, the satisfaction decreases. Resort to inner happiness.” — Vikrmn: CA Vikram Verma Copy Share Image
Regulations for international accounting and funding will have to be examined to identify policies that inadvertently discourage institutional investors from putting their resources into… — Jose Angel Gurria Copy Share Image
There is no business like show business. There is also no business like certified public accounting, but that doesn't rhyme as well. — Craig Shaw Gardner Copy Share Image
“With great goals, comes the high costs; both fixed and variable. Time is the fixed cost; efforts, variable. Spend passionately.” — Vikrmn: CA Vikram Verma Copy Share Image
The reaction of weak management to weak operations is often weak accounting. — Warren Buffett Copy Share Image
“Financial statements are my novels, I am a Chartered Accountant.” — Vikrmn: CA Vikram Verma Copy Share Image
The religious hypothesis, therefore, must be considered only as a particular method of accounting for the visible phenomena of the universe: but no just… — David Hume Copy Share Image
Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that… — Warren Buffett Copy Share Image
By their victory, the 3rd, 4th and 5th Marine Divisions and other units of the Fifth Amphibious Corps have made an accounting to their… — Chester W. Nimitz Copy Share Image
“Invest in self-improvement, be it for learning, be it for earning.” — Vikrmn: CA Vikram Verma Copy Share Image
“In the race to scale a startup, overlooking financial planning is like to building a skyscraper on shaky ground. True growth stems from decisions… — Jason Hishmeh Copy Share Image
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