dwoods55

Breaking the Back of Buffett

Remember when everyone said Buffett "lost his touch" during the tech bubble?

Me too.

Mark to Market Myths

Taken directly from the FASB summary on Statement 157:

"In those situations, the reporting entity need not undertake all possible efforts to obtain information about market participant assumptions. However, the reporting entity must not ignore information about market participant assumptions that is reasonably available without undue cost and effort."

In other words, if there is no market, YOU DO NOT NEED TO WRITE IT DOWN!

Understand the basics before you rail against them Paul.

Still Bullish on Salesforce.com

Why do the CRM bulls only tout REVENUE growth? Because EPS is next to nothing, and about 30% of it is interest on investments. They increased Sales & Marketing by 48% to get the 49% revenue growth. Once the buyout rumors fade, this thing will adjust to sane levels. Good company, but horribly overpriced.