Monthly Archives: October 2008

It’s Saturday Night Live

Oct 2, 2008 – 8:39 AM

When you’re trading in puts and calls (or derivatives), it’s important to know the sign of the relationship between the value of the derivative and the market. Short positions will go up in value as the market goes down. And, unfortunately, you don’t get to decide afterwards whether you wanted to be short or long. […]

By Stephen McIntyre | Posted in Mann et al 2008 | Tagged , | Comments (97)

Mann et al 2008 and GAAP Accounting

Oct 1, 2008 – 8:53 AM

Let’s say that you were a partner of the firm North, Hegerl and Cicerone and charged with issuing an opinion on the financial statements of Team Capital Management Inc.(TCM) And let’s say that you were doing so in heady pre-crash days when markets were going up and mark-to-market accounting was something that the companies wanted […]

By Stephen McIntyre | Posted in Mann et al 2008 | Comments (35)