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November 20, 2005
As to the Fund and Investments
I would like to share my sheer bemusement at the reporting I am looking over from this bank.
By their internal accounts, I can't tell what kind of depositors they have, but in their assets, I know the value of towels bought for branches and headquarters.
I have to say, this is the sheer sign of a nudgey little accountant not knowing what an investor would care about. Towels. I suppose were the towels line huge, one might be concerned. Now, I am sure, on the towels line we really mean, Towels and Other Things Like Towels, but nevertheless, a fine example of the culture of reporting not being well understood.
Posted by The Lounsbury at November 20, 2005 11:55 AM
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Perso Biz Notes
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