Market results are brought into question, argues new study

Aug 02, 2018
Was Berkshire Hathaway’s Charles Munger right when he condemned non-GAAP metrics as ‘bullshit earnings’?
Do investors get a straight story about company earnings? It is acknowledged that over the past two decades the traditional way of measuring profits, by generally accepted accounting principles (GAAP), has been increasingly overshadowed by other metrics in analyst

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