fitchjo

7 ms·

1.
by fitchjo 2y ago
By law, any public company in the US (and most other countries) are required to have a financial statement audit. I am sure there are instances where it is not required, but substantially all private companies that have debt are required pe
2.
by fitchjo 2y ago
I assume/hope the newer versions in hotels that are a little l bracket that flips are little harder to get open?
3.
by fitchjo 5y ago
Or, most cynically, returned to owners in the form of dividends/distributions or stock buybacks
4.
by fitchjo 5y ago
I think he is arguing the exact opposite.
5.
by fitchjo 5y ago
Why do you feel so attacked about the subject of this article such that you have concluded this is part of a gender "war"? If I understand your claim correctly, it is just that simply there weren't any reliable sources to ver
6.
by fitchjo 5y ago
Am I being a bit naive to think that this has more to do with public safety? In theory, there is some increased level of regulation/review of the car and medical device manufacturers that limits the risk these repairs aren’t done to an
7.
by fitchjo 5y ago
NOL (net operating loss) carryforwards, which is what is being described above, would not make a difference in the situation you have laid out here - it sounds like your issue is the fact that we have a progressive tax for personal income (
8.
by fitchjo 5y ago
I think I saw a documentary about that once... ;) https://www.youtube.com/watch?v=LP5kcUhMK1I
9.
by fitchjo 6y ago
As a couple other replies have mentioned, determining insolvency and when to file bankruptcy is a bit more complicated than this simple comparison. A quick counterpoint - you start a company on Day 1 and put $1 into the company; on Day 2, y
10.
by fitchjo 7y ago
You can definitely find certain items/dishes where it is cheaper to buy already made instead of making yourself - rotisserie chickens in the US are a perfect example of that. On the whole, though, cooking at home is less expensive tha
11.
by fitchjo 7y ago
> So wait, hold on, is cooking more expensive or not? What are they eating that's supposedly healthier but significantly more expensive? Cooking unprocessed meals is more expensive than cooking ultra-processed meals. Cooking at hom
12.
by fitchjo 8y ago
He is mentioned here pretty regularly, so many may already be aware, but Matt Levine discusses this and its variants a lot in his newsletter, most of the time under the heading "Should index funds be illegal?"
13.
by fitchjo 8y ago
Historically, the US used CPT, which was different than the rest of the world, but since they adopted ICD-10, they use the same billing/procedure codes as the rest of the world. The entire time, though, any provider in the US was usin
14.
by fitchjo 8y ago
Are you implying that the bankers should go to jail for the misrepresentations made by the applicant because they didn’t exercise an “appropriate” level of diligence?
15.
by fitchjo 8y ago
What evidence have you seen that tether is backed by real money? I haven't seen "definitive" proof/evidence either way, but it would seem there are certainly strong suspicions that tether is not backed by real money (e.
16.
by fitchjo 8y ago
They bloom later there because of the weather, but they still bloom.
17.
by fitchjo 9y ago
Wouldn't that be an indication that the wages are at market?
18.
by fitchjo 9y ago
Finding a use for the underlying technology supporting bitcoin is very different than saying bitcoin as a fiat currency is worth the value at which it is currently trading.
19.
by fitchjo 9y ago
Not sure I follow your logic: 1. What are you calling the market in your first sentence? 2. Why/how is an index fund somehow less risky? What is the fund indexing and how does that compare to the market in your first sentence? In your
20.
by fitchjo 9y ago
I would like to caveat by explanation by saying I am admittedly less versed in IFRS than US GAAP, so there may be some technical differences between the two, but the spirit should be the same - there is actually corresponding gross up of yo
21.
by fitchjo 9y ago
I play every once in awhile, when the jackpot gets to be large enough they start talking about it on TV. The $10 or $20 I spend is well worth daydreaming about the things I would if I won.
22.
by fitchjo 9y ago
My comment was not to say that there are not situations where brand plays less of an influence, only to provide a counterpoint to the parent's comment that "brands provide no value." There are certainly industries or product
23.
by fitchjo 9y ago
In the eyes of who? To the company and its owners, if my brand allows me to sell an equivalent widget for a higher margin, how is that not value? Just because value can be created or destroyed by a single action doesn't mean that valu
24.
by fitchjo 9y ago
So you want to make all advertising illegal?
25.
by fitchjo 9y ago
My favorite statistical/probability paradox has always been the birthday paradox.
26.
by fitchjo 9y ago
I do feel a bit for those individuals that bought a taxi medallion recently and are unlikely to be able to pay it off due to the change in dynamics; on the other hand, the only reason the price of the medallions were so high was that the ma
27.
by fitchjo 9y ago
I know not exactly what the author is discussing in his post, but as someone that did two years in CS before switching (to accountancy), one of the main reasons I switched was the stark contrast in interest in the field between myself and (
28.
by fitchjo 10y ago
Specially related to insider trading, the enforcement of the rules you mention is made more complicated by the fact that there are actually no laws (rules) on the books that make insider trading illegal (as well as there being no SEC rule a
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by fitchjo 10y ago
It is, insofar as it turns what could potentially be a civil suit into a criminal proceeding.
30.
by fitchjo 10y ago
What is the equivalent for TV content producers that concerts are for musicians? Seems to me there can be some advantage to having your music available for streaming as you provide significantly more access to your music, which you can the

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