alt Hacker NewsRetail investors shouldn’t be investing in individual stocks outside of industries they understand well. Following GAAP is the definition of not hiding the obligations.
Replies
turtlesdown11 • last Thursday at 4:33 PM
Enron also didn't violate GAAP so by your definition, no financial wrongdoings...
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jxjfjkfmc • last Thursday at 3:34 PM
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Maybe GAAP should be changed? Professional investors have the time to comb through the small print. These off balance sheet activities seem designed to bamboozle the small investor.