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2:00PM Water Cooler 12/29/2022 | naked capitalism

CFO News Room

Employment Situation: “United States Initial Jobless Claims” [ Trading Economics ]. Finance: “Why So Many Accountants Are Quitting” [ Wall Street Journal ]. accountants and auditors have left their jobs in the past two years, a 17% decline, and the dwindling number of college students coming into the field can’t fill the gap.

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Transcript: Aswath Damodaran

Barry Ritholtz

I’m not a natural accountant or an actuary. And about 200 put up their hands; ex-bankers, recovering accountants, auditors, actuary, scientists, mathematicians. And as you well know, in 2007, accountants fixed what I thought was a horrendous mistake — RITHOLTZ: Right. Fair value accounting is not about value.

Valuation 115
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Transcript: David Einhorn, Greenlight Capital

Barry Ritholtz

And at that point, I decided what I really wanted to do was be a PhD in economics. You’re outperforming, you’re, you’re putting up good numbers that’s on a concentrated portfolio and it’s 10, 15, 20 stocks are the drivers. So I didn’t even begin thinking about my career really until my senior year.