Portia wrote:
He said it was required of all US companies. It is not. It is only required of publicly held ones.
Correct.
Ghost of Igloi wrote:
Stupido Detector Dude:
"U.S. companies are required to present their financial statements according to a set of accounting standards, conventions and rules known as Generally Accepted Accounting Principles, or GAAP.
Igy's quote as referenced came directly from the SEC. Try reading.
Ghost of Igloi wrote:
Stupido Detector Dude:
"U.S. companies are required to present their financial statements according to a set of accounting standards, conventions and rules known as Generally Accepted Accounting Principles, or GAAP.
[/quote]
Fact checker wrote:
Portia wrote:He said it was required of all US companies. It is not. It is only required of publicly held ones.
Correct.
Ghost of Igloi wrote:
Stupido Detector Dude:
"U.S. companies are required to present their financial statements according to a set of accounting standards, conventions and rules known as Generally Accepted Accounting Principles, or GAAP.
Here is the link just like Igy said under Item 8:
https://www.sec.gov/answers/reada10k.htmNot much of a Fact Checker....
I sense a sort of shaky inductive argument that since the bubble hasn't burst in the past few years then it won't burst in the future. If anything, because it hasn't burst, it is more likely to burst in the near future. It is this way of thinking that will earn a small class of investors a tidy sum of money. The shaky inductive reasoning is what will cost the rest of the herd a tidy sum of money.
Since someone has to hold a share of stock at every moment in time, it assures collectively investors will share the bottom of this cycle. However, an individual can selectively choose to reduce equity exposure in advance of the decline, but by nature "investors" can't avoid the decline.
Igy = Erudite Bovine = Fake Sucker
Detector Dude=Earnie=Fact Checker=Portia=half a dozen other handles
....but more importantly....scum bag.....
More on the supposed quality of earnings:
You were wise not to deny your aliases and add to your lies.
Detector Dude:
Let's discuss these these relevant facts first.
1. Explain how you replicated my handle to make slanderous post that appeared to be from me?
2. Explain why you now post using the handle "Portia"?
We can discuss your guilt and motivations later.
Igy
I am not your "Detector Dude" and I have no idea what you are referring to with your questions. You appear to suffer from paranoia. This is an observation and not necessarily a fact.
Sure.
Ghost. If you had, say 300 grand to invest, would you keep it in cash?
Open ended question. If you had a Lamborghini would you sell it or drive it?
"An open-ended question is designed to encourage a full, meaningful answer using the subject's own knowledge and/or feelings."
Apparently Ghost has no knowledge in this area.
I would put all $300k into FANG.
Ghost. I really thought that you knew at least something about this. If you had 300 grand to invest, would you put it in cash? Or do you really not know anything about this sort of thing?
Definer things wrote:
"An open-ended question is designed to encourage a full, meaningful answer using the subject's own knowledge and/or feelings."
Apparently Ghost has no knowledge in this area.
Well before you posted he certainly didn't know what an open-ended question is.
For those of you who might have missed it, on Saturday I posted a link to an article intended to educate people about financial planners. Here was Igy's response:
Ghost of Igloi wrote:
Detector Dude,
Sorry, as a Certified Financial Planner I am required to follow the DOL guidelines before they existed. So following the DOL for the past fourteen years.
Igy
In reply, I posted this quote from the article:
"Essentially, the firms are saying: We’ll act as fiduciaries when we have to, but we’re not going to do it if we don’t have to.
Other major players in the industry have taken different approaches to the DOL rule. For example, Morgan Stanley and Ameriprise both announced that they will continue to sell commission-based products in their IRAs — and they will force their clients to sign contracts exempting the firms from the obligation of meeting the fiduciary standard!"
Apparently this struck a nerve with Igy, a Morgan Stanley employee, as he quickly had it deleted. Based on this action and other recent posts, it's obvious that Igy is not a fan of the truth.
Ghost of Igloi wrote:
Detector Dude:
Let's discuss these these relevant facts first.
1. Explain how you replicated my handle to make slanderous post that appeared to be from me?
2. Explain why you now post using the handle "Portia"?
We can discuss your guilt and motivations later.
Igy