252 karma · joined August 31, 2012
His companies have successfully deployed plenty of MBA-style strategies and their "creative" financing/PR indicates this. I'm not disagreeing with the premise of his argument (I actually agree to an extent) but using his public voice to downplay the expertise of a large group of people is... odd. Fundamentally, his businesses have plenty of weak spots and maybe criticizing the credentials of those who criticize his businesses is a valid strategy?
Companies choosing to disclose non-standardized metrics are attempting to give you a better picture of the business. The problem, as you noted, is that sometimes companies will stretch the truth.
I don't think accounting standards are going to fill this gap anytime soon unless the SEC chooses to restrict that type of reporting altogether. I doubt this will happen because investors want more information, not less (even if you have to read between the lines)
e.g. deferred revenue is a liability and although close, it is technically not really money that is borrowed. (It reflects services/goods owed)
It's the only way I can get mkv converted for playback in browsers. I believe that browsers don't support mkv/aac natively because of licensing but I would be interested if anyone has a different solution for browser playback.
Also, this feels like it's forcing an external portfolio manager view on the internal operations of a startup. Nothing wrong with this - it's just odd to me.
I'm assuming downvotes and users not interested in the topic but still seems extreme to me.
If you go down the rabbit hole, when making your dough try to source some double zero flour (00 flour) and experiment with "hydration" percentages which is the ratio of water and flour. These are the two ingredient factors I have found to have the most impact. The "recipes" are much easier than you think - it's mostly a waiting game
I've been using a hackintosh as my main productivity desktop since about 2014. Details on my latest build here: http://stephenvescio.com/blog/building-a-2019-mac-pro-hackin...
PE is debt in today's environment. The funding does not come primarily through investment but through the partnerships that lead to leverage the business would not normally be able to attain.