Musings on Markets: Return on Equity, Earnings Yield and Market Efficiency: Back to Basics!
A blog about markets, finance and all things money related.| aswathdamodaran.blogspot.com
A blog about markets, finance and all things money related.| aswathdamodaran.blogspot.com
The inconsistent and incomplete recognition of intangible assets in financial statements distorts performance metrics. Invested capital and profit are understated - to what extent depends on the business dynamics and nature and source of investment in intangibles. The combined effect is generally to overstate return on capital. With the ever-increasing importance of intangible assets, few companies are unaffected by this accounting problem. We suggest adjustments to help your analysis, provid...| The Footnotes Analyst
When Warren Buffett began to buy Berkshire Hathaway in 1964, things looked very different. Would you have bought?| Begin To Invest
