How to Get Rich Quick Using GAAP
10 Pages Posted: 1 Feb 2018
Date Written: March 15, 1992
Wherein it is shown how to make your company as large as desired and as large a portion of capitalization weighted stock indices as desired without doing anything useful, and how to borrow huge sums of money from banks with virtually no collateral, all within the confines of GAAP.
Keywords: GAAP, accounting paradox, cross holding, get rich quick, asset pricing
JEL Classification: G00, G10, G11, G12, G14, G34
Suggested Citation: Suggested Citation