Faculty News
In a podcast interview, Professor Baruch Lev offers suggestions on how firms can share relevant, useful information with their investors
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Excerpt from IR Magazine -- "Price comes, of course, from the stock market, from this floor, but book value comes from accounting. And it's completely mistaken, particularly because of this expensing of all intangibles. When we correct book values of companies—for the expensing of R&D, for the expensing of other intangibles—meaning we capitalize and amortize, rather than expense them immediately, we get substantially higher income from value investing. I mean, it's almost double."
Listen here
Listen here