tag:blogger.com,1999:blog-4573016048187948924.post2692084413162037811..comments2024-03-02T01:25:02.690-08:00Comments on Behavioural Investing: Earnings manipulation as source of short ideasJameshttp://www.blogger.com/profile/15994796273691966659noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-4573016048187948924.post-20176124562087545172016-09-06T13:58:32.389-07:002016-09-06T13:58:32.389-07:00Please can you show me where in Beneish Paper wher...Please can you show me where in Beneish Paper where the benchmark of -2.22 was stated. ThanksAnonymoushttps://www.blogger.com/profile/09443160867283488907noreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-59767982053520912332015-03-28T00:37:10.380-07:002015-03-28T00:37:10.380-07:00I want to know the basis of multiplication factors...I want to know the basis of multiplication factors (like -4.840, 0.920, 0.528, etc,) for all the variables. How these are derived?Anonymoushttps://www.blogger.com/profile/10577289702619156911noreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-30640634673737870382014-05-28T02:42:30.609-07:002014-05-28T02:42:30.609-07:00Thanks for sharing such a informative and logical ...Thanks for sharing such a informative and logical blog with us !!<br /><a href="http://www.genericviagrabuy.com" title="Generic Viagra buy" rel="nofollow"><b>Generic Viagra buy</b></a><br /><a href="http://www.genericviagrabuy.com" title="generic viagra" rel="nofollow"><b>Generic Viagra</b></a><br /><a href="http://www.genericviagrabuy.com/tadalis-sx.html" title="Tadalish SX" rel="nofollow"><b>Tadalish SX</b></a><br /><a href="http://www.genericviagrabuy.com/generic-viagra.html" title="generic viagra" rel="nofollow"><b>Generic Viagra</b></a><br /><a href="http://www.genericviagrabuy.com/sildenafil-citrate.html" title="Sildenafil citrate" rel="nofollow"><b>Sildenafil citrate</b></a><br /><a href="http://www.genericviagrabuy.com/caverta.html" title="Caverta" rel="nofollow"><b>Caverta</b></a><br /><br />Generic viagrabuyhttps://www.blogger.com/profile/14093085068769693450noreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-54691673916900795702012-09-21T10:10:38.017-07:002012-09-21T10:10:38.017-07:00Not sure you are reading this blog anymore James b...Not sure you are reading this blog anymore James but we are now publishing M-Scores for the UK market and soon for all of Europe at Stockopedia. As a result we managed to drum up quite a lot of publicity about it from the FT and other publications, but still it remains little known or understood. <br /><br />As a short selling screen the M-Score is proving exceedingly effective. We've also modelled some of the short screens from your book Value Investing - each of which are proving effective this year too. Including the 'C-Score'.<br /><br />Would be good to speak to you about some of this stuff if you are in London.<br /><br />http://www.stockopedia.co.uk/screens/category/short-selling-6/<br /><br />EdEd Crofthttps://www.blogger.com/profile/10993493128766305358noreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-6653808723892674342011-11-23T13:15:52.574-08:002011-11-23T13:15:52.574-08:00it is impressive with some good ideas you can bene...it is impressive with some good ideas you can benefit yourself but you can't do it in the <a href="http://www.xlpharmacy.com/viagra/buy.php" rel="nofollow">Buy Viagra</a> marketAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-74118638823588883052008-04-04T10:16:00.000-07:002008-04-04T10:16:00.000-07:00In my opinion using only earnings manipulation as ...In my opinion using only earnings manipulation as an indicator for selecting stocks is not robust enough. There are several other factors affecting the trend of a particular stock.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-75168886296628989422007-08-28T00:29:00.000-07:002007-08-28T00:29:00.000-07:00At last a blog worth reading, I am quoting your ar...At last a blog worth reading, I am quoting your articles everywhere.returntomeanhttps://www.blogger.com/profile/04836210689005527274noreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-87830401833322887152007-08-22T10:15:00.000-07:002007-08-22T10:15:00.000-07:00The interesting thing about using earnings manipul...The interesting thing about using earnings manipulation as a short thesis is the sheer hell one often experiences in the interim while waiting for the market to catch on - those stocks can fly while the world remains oblivious to what seems like glaring abnormalities in the financials. <BR/><BR/>Howard Schilit's "Financial Shenanigans" is a good read, but I think inadvertently quite illustrative of these risks - often the stock of a company that CFRA raised the red flag on rose for years after their initial warning. Even when the world caught up to the financial chicanery, those stocks often broke down to levels not drastically lower than the prices at which they traded prior to CFRA's first report. <BR/><BR/>Shorting, as much as anything else, clearly requires one's appreciation of Keynes' observation that "The market can remain irrational longer than you can remain solvent." Can you withstand the collateral calls as a brilliant short thesis gets taken to the woodshed in the interim?Publiushttps://www.blogger.com/profile/14481609450986226878noreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-35840306822604828912007-08-22T08:34:00.000-07:002007-08-22T08:34:00.000-07:00They were often surprised when I suggested that th...<I> They were often surprised when I suggested that the shorts were not just the opposite of their longs. Shorting requires a different discipline. </I><BR/><BR/>If you have a minute, James, would you mind filling out this point a bit.Unknownhttps://www.blogger.com/profile/17493640555847363149noreply@blogger.comtag:blogger.com,1999:blog-4573016048187948924.post-22118072819491199082007-08-21T14:43:00.000-07:002007-08-21T14:43:00.000-07:00It would be very interesting to see how the stocks...It would be very interesting to see how the stocks with high M scores did in the year (or years) <I>preceding</I> their attainment of that score. In other words, is there any outperformance associated with the earnings manipulation while it is going on, or is it all for nought? Is the subsequent underperformance that the paper identifies simply those companies "giving back" their ill-gotten outperformance? Is there a net outperformance over some multi-year period (crime pays) or underperformance (crime doesn't pay)?Stevenhttps://www.blogger.com/profile/09771068503779427377noreply@blogger.com