ignorant

How Much Are Goldman's Level 3 Assets Worth?

The article and reader comments reflect the problem with the financial system. We don't know how Level 3 assets are valued since there is no disclosure of the assumptions used in the valuation models. Even if this information was disclosed, I doubt if most investors could make a sound judgment since the models are based on complex mathematical formulas that may not reflect current market conditions. My best position is to avoid these stocks because I have no way of making a judgment about what these assets are worth. If you have confidence in the character of the people that run these firms then you may choose to invest.