The Mark-to-Market Mantra

Replacement accounting is as old as the financial hills. Realistic asset valuation is one of the first things an honest auditor or credit rater will question. These are also means of corruption. Dishonest and inept regulators will mark-to-market their personal portfolios, even as they turn blind official eyes to the savings of the citizens they are sworn to serve. 

Mark-to-market works both ways. You can use the regulatory shield to hide enormous assets from acquisitive eyes. This is the route favored by the Washington elite which builds nest-eggs for retirement while enjoying the vast powers of office. Brands are typical examples of assets that are not reported on financial statements. Land is another basis of manipulation: you can get away with any valuation you like. Greenspan is an authority on this. He not only predicted the housing melt-down, but is a consultant for cronies who have made top-dollars out of the mess. 

Join the powerful since you cannot beat 'em. Use brands and under-stated land values to make a killing out of the current stock market misery. Use retail audits and 10-Q submissions to achieve this. You can also use your hands and feet and generate primary data.

Write to me at drsbanerji@gmail.com or post below if you need top stock picks based on the Mark-to-Market Mantra.