“Advertising is the ability to sense, interpret…to put the very heart throbs of a business into type, paper and ink.” – Leo Burnett
“The problem takes on its full dimension when an analysis is conducted – as it should be – comparing one company with other companies. Then, it is certain that income statements are not prepared on identical basis.” – Analyse Financiere PEOI.org coursebook
“Well done is better than well said.” – Benjamin Franklin
“The wonders of technology should be made use of for the right purposes, that is, for the wellbeing of humanity.” – Sadhguru
“A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.” – Jeff Bezos
“In the development of accounting standards, risks to users of inconsistencies can be reduced by good disclosure requirements, particularly so between various pronouncements. A study examining the treatment of interest found inconsistencies in two-thirds of the relevant U.S. GAAP pronouncements.” – Michael L. Fetters
“Failure is simply the opportunity to begin again, this time more intelligently.” – Henry Ford
“In a number of areas, accounting standards are moving more towards methods that give an appearance of enhanced objectivity when in fact they are more subjective than ever. ” – Michael Kwatinetz, Ph.D., Managing Partner with Azure Capital Partners
“Thank goodness the stock market is efficient, or we wouldn’t be able to make money when it isn’t!” – Joel Litman
“Success is going from failure to failure without losing enthusiasm.” – Winston Churchill
“There is no inner ‘thinker’ behind thoughts, no ‘doer’ behind actions, no ‘seeker’ of enlightenment. Seeking occurs on its own when the time is right, and it emerges as a focus of attention. All aspects and qualities of consciousness are self – actuating and energize each other under the general direction of the will.” – David R. Hawkins
“[Earnings Quality] relates to earnings that are free from special or one-time items, earnings that are not drawn from reserves, fair value adjustments, accounting gimmicks, market fluctuations, gains/losses, fluctuations in effective tax rates, and/or foreign-currency adjustments; thus, high quality earnings are essentially free of the items would make them unsustainable.” – Earnings Quality: Evidence from the Field (Dichev, Graham, Harvey, Rajgopal)
“The book value really measures, therefore, not what the stockholders could get out of their business (its liquidating value), but rather what they have put into the business.” – Ben Graham, The Interpretation of Financial Statements, 1937
“It’s choice – not chance – that determines your destiny.” – Jean Nidetch
“Financial statements are like sausages. If you saw how they were made, you’d never consume either.” – Joel Litman
“Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.” – Steve Jobs
“The human mind is like a ship at sea that is unable to correct its direction without a compass or an external source of reference, such as the stars. It is important to realize that a system is only correctible when it has access to an external point of reference (like a global positioning system) that serves as the absolute by which all other data are compared.” – David R. Hawkins
“…in 2010, when the Commission last reaffirmed the importance of pursuing such standards to further our mission [global accounting standards]… there has been no formal action by the Commission since” – Mary Jo White, former SEC chair
“It is no use saying, ‘We are doing our best.’ You have got to succeed in doing what is necessary.” – Winston Churchill
“Current financial reporting standards (as outlined in the accounting principles known as GAAP – ‘Generally Accepted Accounting Principles’) have fallen into disrepute as a means of understanding current operating performance.” – Michael Kwatinetz, Ph.D., managing partner with Azure Capital Partners