Auditing is a function of time, continued

LeonaC wrote a column · Sep 9 14:55

To continue analysis we started in our retrospective piece, Auditing () fun: 11 months plus 1 day ago, close your eyes and think about what is a "normal" cost or price appreciation of one unit over one (time-based) unit. Tick-tock, tick-tock, tick-tock. A savings account, for example, time function "one year" -- 5 percent? 6.9 percent? Even a stock like $Palantir (PLTR.US)$ hasn't given me 10 percent in one year since I bought a few after IPO. (My #Native reader friends can look forward to details in another post why I think it is 99.17 percent "less evil" than $Meta Platforms (META.US)$ and does good data science).

On October 6, 2023 the CEO who flambéd his books into fraudulently forged financials was freaked out. "Head and Shoulders" had passed his company by, and his brand was headed down, soon to be delisted. Crime does not pay long-term.

So what happened?

What has been rewarding this company with artificial inflation?

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