What are your margins on selling books?.The following is a small list of questions regarding financial information which Amazon would not disclose: About 30 questions were asked and the answer to half of them was “we don’t disclose that.” The reason a public company is called a public company is because they are required to share their financial information with public shareholders. We recently went with a group of analysts to an investor day at Amazon just eight blocks from our office. And i think we're going to see an increase in these kinds of revelations as time goes on. And that is as bull markets go on, people's sense of disbelief is reduced and they begin to believe things that are too good to be true. One of the central tenets of the course is that the fraud cycle follows the financial and business cycle with a lag. And is it increasing as the market goes on? And the lack of due diligence on behalf of both the boards and the investors in believing a lot of these things. There was - there was an expose on vice media talking a little about the same thing. And why some of these things appear to be growing out in Silicon Valley, the willingness to sort of say anything by ceos. And this ties a little bit in with tesla. Here is how investor, Jim Chanos, recently explained how the truth is being stretched in the US stock market:Ĭhanos: well, i mean, one of the things we talked about today at the conference is the culture in Silicon Valley. Why is this important? It seems today’s popular stocks are led by people who have a hard time telling the truth or have an easy time being deceptive. The moral of the story is it is always ultimately better to tell the truth. He had to tell the truth to virtually everyone he encountered, including his female boss, his ex-wife, and his executive assistant. The humor comes from the pain that Carrey’s character, attorney Fletcher Reede, feels as he goes through the day. His son makes a wish, while blowing out his birthday candles, that his dad can't lie for 24 hours and his wish comes true. Liar Liar is the story of a fast-track lawyer who was fast and loose with the truth. In Liar Liar, The Truman Show and in Bruce Almighty, we learn morals which we believe should guide us in the long-duration investment process.

To understand today’s financial euphoria, we will analyze three terrific movies made by the actor, Jim Carrey. Today’s popular stocks have literally overwhelmed the stock market in the last four years and six months.

Jim fink investing daily review