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2002-07-24-warrenWarnsVisualize Context (requires Java Plug-in)
CREATED BY chris • LAST EDITED BY chris 8187 days AGO
Warren Buffet: "Who Really Cooks the Books?" — "In calculating the pension costs that directly affect their earnings, companies in the Standard & Poor's index of 500 stocks are today using assumptions about investment return rates that go as high as 11 percent. The rate chosen is important: in many cases, an upward change of a single percentage point will increase the annual earnings a company reports by more than $100 million."
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