The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
And I disagree on hidden assets being of no help. They serve to stabilise balance sheets against cyclical variations. And, for the most part, it is not unreasonable to mark assets up during a downturn and depreciate them faster during an upturn. Because the conventional wisdom during an upturn tends to overvalue assets, so marking assets up during the nadir of the business cycle means you're more likely to get a realistic valuation, while depreciating assets faster during the upturn will make it less likely that you overshoot the long-term value of your firm.
Friends come and go. Enemies accumulate.
This is no reason to make balance sheets less transparent than they need be. If so, we could just abolish balance sheets outright.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Bernard - Jul 16 31 comments
by Frank Schnittger - Jul 14 11 comments
by ARGeezer - Jul 10 18 comments
by Oui - Jul 14
by eurogreen - Jul 8 8 comments
by Frank Schnittger - Jul 10 24 comments
by gmoke - Jul 4 39 comments
by Oui - Jul 9 8 comments
by Bernard - Jul 1631 comments
by Frank Schnittger - Jul 1411 comments
by Oui - Jul 14
by ARGeezer - Jul 1018 comments
by Frank Schnittger - Jul 1024 comments
by Oui - Jul 98 comments
by eurogreen - Jul 88 comments
by Frank Schnittger - Jul 532 comments
by gmoke - Jul 439 comments
by Frank Schnittger - Jul 252 comments
by Frank Schnittger - Jun 26106 comments
by Oui - Jun 219 comments
by Frank Schnittger - Jun 2032 comments
by IdiotSavant - Jun 2013 comments
by gmoke - Jun 187 comments