There is a long section at the bottom of every company’s quarterly reports that can be summarized as follows:

“Raw numbers in this report are as accurate as we’ve been able to make them. All other information contained herein may be the product of our imaginations and would best be ignored.”

As discouraging as that is for anyone trying to evaluate a company for investment purposes, everything else, from investment counselor recommendations to MSM investment programs is even farther removed from reality.

The stunning thing is that anyone over the age of consent should find the discrepancies between true reality and reality as presented by those who have placed big bets on the outcomes (of investments made, votes cast, channels changed, subscriptions canceled or renewed) at odds with one another.

If your parents didn’t whack you up-side the head with the two by four of common sense, then the world as it really is eventually will.

Get over it people.

A neighbor of mine insisted that I watch this interview. Thanks for making it convenient.

My neighbor took a family business he inherited and ran it into the ground (through no fault of his own of course). I guess I shouldn’t be surprised that he is incensed that someone on TV might have lied to him! I am increasingly convinced that when I die there will be no one left on earth with a working brain cell. Maybe the Amish will preserve our species.

Jon made Jim represent not only himself but all of Wall Street.
Mad Money is about the extra money you have left after paying bills. We are supposed to have fun with it. But you don’t get it, and neither does Jon.
(insert 4 letter word)

Um, Kara, while discussing accuracy in financial news reporting, I think it would further your point if you were, at least, accurate.

Apple, or Steve Jobs through Apple, flat out LIED to investors and the media.

And for what reason?

For the same reason that shorts/longs might lie; To try and influence the company’s stock price. What other motive could Apple/Jobs have had?

In fact, when discussing Apple/Jobs and honesty, one would be remiss not to include Jobs’ stock-option backdating and his fabricated “board-meeting.”

“In response to a question about his health Tuesday, an Apple spokeswoman said Jobs was hit with a “common bug” in recent weeks but he still felt it was important to participate in the Apple conference. The spokeswoman said he’s now on the mend with the aid of antibiotics.”

http://blogs.wsj.com/biztech/2.....he-iphone/