Its not fair, but it is truth.
The market demands audited financials...absolutely true. PBLS needs to produce.
The market has no idea how dangerous and easy it is to manipulate GAAP...absolutely true. Sadly, most people just buy what their friends/family/broker tell them to buy without question/without thinking/without really knowing. Watch all the sheep run off the cliff in the big markets as proof of my point...good companies with good earning that are undervalued will see a decline in the pps as the entire market/sector moves down.
Most are scared to make their own decisions. Most think "financial education" requires an MBA. I like the Good Will Hunting approach...go get a library card and learn how to study.
Anyway, I agree with you irish on the need for AF's. But you see my point I hope.
"Experience: that most brutal of teachers. But you learn, my God do you learn." C.S. Lewis
www.younglife.org
