US basically does not allow any country in the world to lead it. It only allows US to set fires, but does not allow others to light lamps.
Category: Accounting fraud
Three questions that financial statements must answer
Financial statements need to provide answers for three questions.
Insights on company governance
In Buffett’s 2002 shareholder letter, he put forward his views on the company governance. The following is a list of objects, elements, members, and components that must be included in corporate governance for a typical listed company.
Unreasonable accounting practices in financial statements
In his 1998 shareholder letter, Buffett mentioned several common but unreasonable accounting practices used by listed companies in the U.S. in their financial statements.
Wells Fargo, a major holding once praised by Buffett and Munger
Wells Fargo, a major holding once praised by Buffett and Munger, Company profile, Berkshire Hathaway (NYSE: BRK.A and BRK.B) started buying Wells Fargo stock in 1990, a story worth mentioning.
Institutional imperative – the good, bad, and ugly
Institutional imperative. In many articles, I have mentioned the so-called Institutional Imperative proposed by Buffett (also translated as institutional compulsion by many people in Taiwan). This article will talk about this, which can be used to explain common problems in many enterprises. And the root cause of the unreasonable phenomenon.
Amazon vs. Alibaba
The businesses of Amazon and Alibaba are almost the same in all aspects, so the two are highly comparable. Just as Amazon’s stock price is not very good this year, and Alibaba has collapsed by more than 40% now, let us compare the two e-commerce giants in China and the United States.
The biggest risk to hold Chinese stocks, taking Alibaba and Tencent as examples
The biggest risk to hold Chinese stocks, taking Alibaba and Tencent as examples
Should investors buy stocks in the companies they serve?
Should investors buy stocks in the companies they serve? The Enron scandal in 2001 exposed the company’s years of false accounting, insider trading, bribery, money laundering, and fraud, which caused great vibration in the American society at that time. Anderson, one of the big five accounting firms that conducted financial report audits for Enron,
