Daniel Reingold
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Confessions of a Wall Street Analyst
by
18 editions
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published
2006
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“accounting firms can be trusted to stand up for the investor and resign when a client insists on using improper accounting.”
― Confessions of a Wall Street Analyst: A True Story of Inside Information and Corruption in the Stock Market
― Confessions of a Wall Street Analyst: A True Story of Inside Information and Corruption in the Stock Market
“reciprocal purchase agreements” to generate more than one-fifth of its revenues. These agreements, also referred to commonly as “swaps,” were the ultimate addiction of many of the companies that flamed out so spectacularly in 2001 and 2002. Basically, a swap was an agreement by two companies to purchase goods or services from each other at the same time, inflating both companies’ revenues without any true economic purpose being fulfilled.”
― Confessions of a Wall Street Analyst: A True Story of Inside Information and Corruption in the Stock Market
― Confessions of a Wall Street Analyst: A True Story of Inside Information and Corruption in the Stock Market
“life on the Street, with its uneven information flows, often rewarded the powerful and connected over the merely smart. It distorted the entire market in the process.”
― Confessions of a Wall Street Analyst: A True Story of Inside Information and Corruption in the Stock Market
― Confessions of a Wall Street Analyst: A True Story of Inside Information and Corruption in the Stock Market
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