How to Think Like Benjamin Graham and Invest Like Warren Buffett

162 ShowMetheMoney sures emerge from settlement agreements, consent decrees, and the other legal obligations a company faces. Pl ...

Making(Up)Numbers 163 buyers who pai dtheir accounts early. Following bookkeeping rules, receipt of those early cash payments ca ...

164 ShowMetheMoney portion of loans deemed uncollectible is recorded as an expense (a debit). The credit is to an account called ...

Making(Up)Numbers 165 As with Mercury Finance, a telltale re dflag flew high: AOL’s balance sheet showe dan unusual asset calle ...

166 ShowMetheMoney a series of so-calle dbill-an d-hol dtransactions. During the winter months, it recorded charcoal grill sales ...

Making(Up)Numbers 167 generate drevenue through membership dues. On average, member- ship clubs like these earn greater profits ...

168 ShowMetheMoney been far safer to steal large sums with a pen than small sums with a gun.”^6 Steering clear of such robbery r ...

P art III IN MANAGERS WE TRUST Copyright 2001 The McGraw-Hill Companies, Inc. Click Here for Terms of Use ...

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171 Chapter11. Going Global W arren Buffett repeatedly emphasized the importance of invest- ing only with people you “like, trus ...

172 InManagersWeTrust increase in your estimate of a company’s value, the weakness or absence of these qualities certainly justi ...

GoingGlobal 173 bor markets, and vice versa. Shareholders can oust inferior manage- ments because a market for managing and cont ...

174 InManagersWeTrust in equity investment in terms of both those who demand it (start- ups and expanding enterprises) and those ...

GoingGlobal 175 levels between senior executives and ordinary laborers is relatively narrower under the bank/labor model than it ...

176 InManagersWeTrust councils on major corporate policies affecting labor interests, in- cluding layoff proposals and in many c ...

GoingGlobal 177 shareholder-based profit maximization helps all the other partici- pants. Scores of organizations promote this d ...

178 InManagersWeTrust material information that is reasonably available to them. Informed directors then must act prudently and ...

GoingGlobal 179 reality even in extreme circumstances such as where managers fight against a hostile takeover—one of the devices ...

180 InManagersWeTrust AMP sought and won an injunction prohibiting AlliedSignal’s consent solicitation unless and until each pro ...

GoingGlobal 181 owner orientation even less compulsory. If this is the case, the al- ready small population of true owner-orient ...