Thread: Mark to Market - why is it a bad thing?
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daepp daepp is offline
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Join Date: Sep 2005
Location: So. Cal.
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IMHO they should never have abandoned historical cost. The change accelerated volatility - and the old approach worked for most of the 20th century.
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David

1972 911T/S MFI Survivor
Old 10-29-2008, 11:08 AM
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