Buyback shares = BS 101

I was in “Basic accounting 101”. The professor wrote “RULES” on the blackboard (an ancient visual communication device). Rule #1 – debits on the left, credits on the right. Rule #2 – Assets minus liabilities = net worth. While the blackboard may be obsolete, the rules still apply today. A recent Zerohedge article includes a chart outlining corporate bond debt […]

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