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04-04-2013, 03:01 AM
Anything can be faked or adjusted to look good in the AR; if the company wants to or needs to. At least for a while or a year or 2. or even more.
(We just take a look at history.) If not how come we have had famous "Enron (2001), WorldCom (2002), Tyco international (2002), HealthSouth(2003) and the famous Bernie Madoff's Ponzi Scheme(2008). And the just 2008/2009 financial fiasco triggered by banks' sub-prime loan practice re-packaged as CDO derivatives sold to the entire world, from of course US.
Not to mention almost all of the S-CHIPs listed in SGX. too.
Nothing is fool-proof. God bless us all.
Shalom.
(We just take a look at history.) If not how come we have had famous "Enron (2001), WorldCom (2002), Tyco international (2002), HealthSouth(2003) and the famous Bernie Madoff's Ponzi Scheme(2008). And the just 2008/2009 financial fiasco triggered by banks' sub-prime loan practice re-packaged as CDO derivatives sold to the entire world, from of course US.
Not to mention almost all of the S-CHIPs listed in SGX. too.
Nothing is fool-proof. God bless us all.
Shalom.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.