There is no accounting for tastes, as the woman said when someone told her her son was wanted by the police.
You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself
Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.
Nothing will ever replace the experience of wandering haphazardly through a great bookstore, no matter how many algorithms are developed to find matches for our tastes. That's because not only is there no accounting for taste, there is no predicting it either.
I studied finance and accounting in college, and I worked at a massive accounting firm out of graduation.
Aggressive accounting does not mean illegal accounting.
Proper accounting is like engineering. You need a margin of safety. Thank God we don't design bridges and airplanes the way we do accounting.
If your taste goes wrong or you listen to other people's tastes too much, even though they could make a fantastic movie out of it with their own tastes, if they blend their tastes with mine, it's probably going to be a mess.
Probably the best advice I ever got in my life was from the head of the accounting department, Mr. Hutchinson, I believe at the Glidden Company in Chicago, and he told me, 'You really aren't cut out for accounting.'
I would argue that a majority of the horrors we face would not have happened if the accounting profession developed and enforced better accounting.
Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings.
I have some classes in accounting, but I don't know anything about accounting. I - you know, when my accountant tells me all the things he does, it's a foreign language to me.
I'm not afraid to call a wine that tastes like Skittles or green peppers mixed with orange marmalade. I'll say, 'It tastes like chicken.' I mean, that's not what people think of when they think of wine, but that's what it tastes like to me and it hits home.
I got fired from a job years ago. It was an accounting job. They were basically trying to cut corners, so they employed a bunch of temps to do proper accounting. And it just caused absolute bedlam and I did get fired.
Youth changes its tastes by the warmth of its blood; age retains its tastes by habit.
Once you figure out what respect tastes like, it tastes better than attention. But you have to get there.