bcncv

Three Investor Lessons from the Satyam Scandal

Thanks for the great article. After seeing a contracting process in a third world country, I've learned to generally assume that most documentation is complete BS. It doesn't matter how many laws or regulations you put into place, a document is only as good as the signature of the guy that creates it. In some ways, it's easier to write fiction than fact.

Of course, this doesn't help much from an investing standpoint, other than the warning of "buyer beware". Oh, and diversify!