Today, companies report profitability using all kinds of weird non-GAAP metrics (e.g., community-adjusted EBITA). Conglomerates were a thing because of manipulating how investors used P/E ratios to invest. Accounting shenanigans were common place, and despite having occurred in the past, similar shenanigans are utilized. The brokers were making bank because of fixed commissions and record volume (brokers now make money by selling retail investor order flow). The SEC was lax because people were making money (the SEC is lax today because people are making money). In my opinion, the sixties seem to rhyme with where we are now (history doesn't repeat, but it does rhyme). I had to share quotes because the metaphors and analogies were hilarious. In this book, the writing was fun and clever. I liked this much better than Business Adventures.
0 kommentar(er)
