Thursday, December 04, 2008

Accounting

I like accounting, what I know of it. I'm not an accountant, so I suppose my 'knowledge of accounting' would make a garden varienty accountant snicker, and a Big Time Accountant laugh so hard he fell off his chair. But still -- I found this short article, offering the opinion that part of the underlying problem with Wall Street is that it has no recognizable, repeatable, defensible method for valuing intangibles (such as 'skill in innovation', 'team spirit', 'competitive drive') in a company, to be thought-provoking. I have a hunch that she's onto something.

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