Cooking the Books 101

Every company games the numbers to a certain extent to achieve budget and get bonuses. This is nothing new. But two things make the here and now different for us. First, our money is the issue (history is always about other people’s money). Second, these are BIG numbers.

Enron, Aldelphia and WorldCom are extreme examples. They are the few bad apples that get all the headlines. I believe that people with better ethics run the majority of companies. They may bend the rules, but few take the process to the extremes of Enron or WorldCom. If this weren’t true, we’d all be investing in government bonds

Five Biggest Stock Market Myths

When fiascos like the Enron bankruptcy, auditing scandals and analysts’ conflict of interest occur, investor confidence can be at an all-time low. Many investors are wonder whether or not investing in stocks is worth all the hassle. At the same time, however, it’s important to keep a realistic view of the stock market. Regardless of the real problems, common myths about the stock market often arise. Here we go over these myths in order to bust them.