lol it's always hilarious when gamblers keep calling themselves 'investors', as if they actually know all about the companies they're betting on.
Many do, at least I do...
You have to know the company inside out.
Thats's true, but many CFO's. CEO's, and accountants lie on their 10K's and everything else. Others, like many hedge funds and P/E firms, don't make any reports at all, even to investors.
The US companies I have money in seem to be very transparent. Certainly compared to their UK counterparts. I get invites every week to some conference call. In the UK its just the big funds that get that level of info not the individual.
Ye,s I am always amazed at EU laws,; one would expect them to be a lot more thorough than the U.S.'s, which were essentially written by the market operators themselves, but it seems that isn't the case. European banks got hit hard by the mortgage collapse here, for instance, which I would thought they would easily have avoided. In any case, the GAAP changes in the 1980's makes what corporations have to report and can claim as 'equities' along with assorted off-shoring practices pretty much useless to me as proof of performance and actual net gains and losses.
