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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Rules?

I have faith in the market when we get the rules right.
Kenneth Lay
Former George W. Bush pal, Kenny Boy ought to know. However many people have full time jobs dedicated to getting around rules. Ideally, your accountant creates some advantageous scenarios come tax time. However if you’re investing in a company with teams of creative accountants on staff and as consultants, you’re probably expecting them to stick to the “rules”.


Knowing that SEC rules can be overturned in the interest of “national security” doesn’t give me warm fuzzies about US companies. A devious mind can pretty much do whatever they feel like under the “national security” banner.