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<p>[QUOTE=&quot;medoraman, post: 1545884, member: 26302&quot;]Well, mark to market is fairly established, but so many items nowadays have &quot;illiquid markets&quot; and I would agree those should not be allowed in a mark to market calc. </p><p><br /></p><p>I fully agree accounting can be improved on the edges, I was mainly responding to the traditional &quot;Enron, Worldcom, dot-com, Madoff&quot; argument about the failures of accounting. All of those areas had opaque financials, which many smart investors correctly pointed out. The major, recurring alarm bells were going off, yet people still refused to listen. Was AA to blame for not calling them out more? Yes, they were partly to blame, and as a result they are now defunct. However, following the simple &quot;clarity&quot; rule for investing will allow investors to sidestep these firms.[/QUOTE]</p><p><br /></p>

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