What is its nature?
Read Marcus_Aurelius, First principles, S I M P L I C I T Y.
For each particular, what is it in itself? What is its nature? Why does he kill? Because he covets!
In your Readings for Lesson 3: Graham’s Liquidations and Net/Nets think about principles not accounting conventions. When is a current asset not current? Can a fixed asset be more current than a current asset on the balance sheet?
Finally, when you are looking at a balance sheet, always think of this
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We already have volunteers for Schloss, Tweedy Browne, Greenblatt, and Buffett. Thanks for the quick response. No more volunteers for now. But I DO need a volunteer to date My Ex-Wife.
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