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tomnipotent
on March 27, 2018
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Microsoft surges 8% after Morgan Stanley says it w...
> essentially behaving like a banker and moving money around
Modern GAAP makes this impossible to hide thanks to Enron (shuffling cash between subsidiaries).
olivermarks
on March 27, 2018
[–]
I suspect they are emulating Apple. 2:45 of Rana Faroohar in 2016 on Apple & capital markets
https://youtu.be/-lt5xCFq-RA
tomnipotent
on March 27, 2018
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Thank you, this was the context I was missing. I'd be curious what the requirements are for public companies to report gains from these types of investments.
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Modern GAAP makes this impossible to hide thanks to Enron (shuffling cash between subsidiaries).