Bloomberg article today: Are corporate earnings incredibly understated- as in $ Trillions?

https://www.bloomberg.com/news/articles/2018-06-06/what-s-a-stock-worth-in-new-economy-accounting-has-its-critics

I have mixed feelings about Prof. Lev's theory- aren't you just frontloading the cost of these intangibles into early years resulting in higher profits on books later, so it "all comes out in the wash?"

Submitted June 07, 2018 at 06:22AM by thinkofanamefast https://ift.tt/2kTclqD