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There is a Huge Disconnect Between Energy Credit and Equity November 13, 2018

By Steven Vannelli, CFA in Markets

Oil prices have swung drastically over the last couple months. The market was unprepared for the US to grant waivers amounting to nearly one million barrels/day to fill the void expected to be left by the drop in Iranian exports. Instead of Iranian exports plunging…

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Machine Learning to the Rescue November 01, 2018

By Knowledge Leaders Team in Guest Author, Knowledge Leaders

My previous blog post (“Beware! Estimates Dominate Financial Reports,” October 13, 2018) alerted you the hidden secret of accounting: Most balance sheet and income statement items are based on managerial subjective estimates and projections (like depreciation, asset write-offs, bad debts, expected gain on pension assets, etc.). The…

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Beware! Estimates Dominate Financial Reports October 18, 2018

By Knowledge Leaders Team in Guest Author, Knowledge Leaders

Estimates Are Hazardous to Your Wealth. Everyone knows that accounting is boring (not when I teach it, though), but, at least, people think it’s factual. No fake news. After all, accounting comes from counting―counting money, units of inventory, etc. All facts. Nothing further from the truth. Except…

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American Evolutions from Sears to Google October 10, 2018

By Knowledge Leaders Team in Guest Author

Today’s story begins with the once-behemoth that is the American retail firm, Sears. In the last week of September Sears’ stock dipped below $1 a share, reducing the company’s market value below $100 million. Sears may still linger on a bit, but when a big…

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