Musings on Markets

I am sorry about the long break between posts but I was on the road for much of the last two weeks and grading exams prior to that. I starte...

It looks like that they have found the culprit for the 1000-point intraday swing on the Dow 30 on May 6. It turns out that rather than the h...

I waited a couple of after the indictment of Goldman to post my thoughts on it, since I have mixed feelings on the topic. If you want to tak...

I am currently in Bogota, Colombia, doing a seminar in risk. One of the topics that came up yesterday was about the choice of currency to do...

When analyzing companies, the three financial statements that we primarily use are the income statement, the balance sheet and the statement...

Of all the items on a conventional accounting balance sheet, none gives me more trouble than goodwill. It is not an insignificant item for s...

In the next few posts, I plan to focus on the accounting inconsistencies that bedevil analysts. In particular, here are the items that I wil...