--- title: "Meaning & Key Takeaway of: Mark-to-market accounting is like crack…" description: "\"Mark-to-market accounting is like crack. Don't do it.\" — Andrew Fastow" image: "https://sms4smile.com/quotes/i/358/andrew-fastow-45242_accounting_mark-to-market-accounting-is-like-crack_729724.png" --- # Mark-to-market accounting is like crack. Don't do it. ![“Mark-to-market accounting is like crack. Don't do it.” quote by Andrew Fastow](https://sms4smile.com/quotes/i/358/andrew-fastow-45242_accounting_mark-to-market-accounting-is-like-crack_729724.png) [Download](https://sms4smile.com/quotes/i/358/andrew-fastow-45242_accounting_mark-to-market-accounting-is-like-crack_729724.png) [Open image](https://sms4smile.com/quotes/i/358/andrew-fastow-45242_accounting_mark-to-market-accounting-is-like-crack_729724.png) > “Mark-to-market accounting is like crack. Don't do it.” [Andrew Fastow](https://sms4smile.com/quotes/author/andrew-fastow/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Mark‑to‑market accounting can create a false sense of profitability, leading to risky behavior. **In simple terms:** This accounting method can mask true financial health. Key Takeaway Beware of deceptive metrics. Themes finance ethics risk management Mood cautionary critical Type analytical educational When to use this quote - investment decisions - budget planning - financial reporting - risk assessment Key Concepts accounting regulation corporate governance Questions to Reflect On - How do you verify the reality behind financial numbers? - What safeguards prevent misuse of valuation methods? A Different Perspective It may encourage short‑term gains over long‑term stability. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Investing](https://sms4smile.com/quotes/about/investing/) ## Related quotes > [Proper accounting is like engineering. You need a margin of safety. Thank God we don't design bridges and airplanes the way we do accounting.](https://sms4smile.com/quotes/charlie-munger/proper-accounting-is-like-engineering-you-need-a-margin-of-safety/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I'm a good learner. I can dig in. I knew nothing about mark-to-market accounting when I started the 'Enron' film.](https://sms4smile.com/quotes/alex-gibney/i-m-a-good-learner-i-can-dig-in-i-knew-nothing-about-mark-to-market/) [Alex Gibney](https://sms4smile.com/quotes/author/alex-gibney/) > [Derivative trading with mark-to-market accounting degenerates into mark-to-model. 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