Accountants Quote by Charlie Munger

The stupid and dishonest accountants allowed the genie of totally inappropriate accounting to descend on derivatives books. And once this has happened - people…

— Charlie Munger

From the 1990s onward, the financial sector created a vast array of instruments designed to separate investors from their money, financial derivatives of an…

— John L. Casti

Derivatives in and of themselves are not evil. There's nothing evil about how they're traded, how they're accounted for, and how they're financed, like…

— James Chanos

I would argue that a majority of the horrors we face would not have happened if the accounting profession developed and enforced better accounting.

— Charlie Munger

Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.

— James Rickards

Accounting is a big subject and there are huge forces in play. The entire momentum of existing thinking and existing custom is in a…

— Charlie Munger

We have the most crude accounting tools. It's tragic because our accounts and our national arithmetic doesn't tell us the things that we need…

— Susan George

The beauty of a financial institution is that there are a lot of ways to go to hell in a bucket. You can push…

— Charlie Munger

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to…

— Ben Bernanke

I never get the accountants in before I start up a business. It's done on gut feeling, especially if I can see that they…

— Richard Branson

We have institutions that have been allowed to become too big to fail because we had all kinds of flaws in our financial infrastructure,…

— Henry Paulson

People far too often associate derivatives markets with mere speculation, but there are very legitimate businesses that need derivatives to protect themselves against risk.

— Fred Ehrsam