Accounting Transparency
Joel Greenblatt emphasizes the importance of transparency in accounting, stating that new measures should include information on labor and inventory costs. He believes that by providing enough information, long-term value can be built, and the market can give the correct value. While accounting is important, he focuses on understanding what the numbers mean rather than memorizing every accounting rule.In this clip
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The Knowledge Project
What makes a GREAT INVESTOR? | Episode 111 Joel Greenblatt
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