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Technology Stocks : Softbank Group Corp
SFTBY 70.44-3.2%Nov 7 9:30 AM EST

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To: Seeker of Truth who wrote (4713)4/3/2000 12:28:00 AM
From: manohar kanuri  Read Replies (1) of 6018
 
IMHO earnings for Softbank,CMGI,SFE,ICGE and even Berkshire-Hathaway are meaningless. The whole name of the game is to increase the net worth but the REALIZATION of gains is the only thing that affects the earnings statements. We need a new acounting system.

You could probably use the old man's methods -- look-through earnings. I'm sure that model would run into lots of complexities with Softbank and multiple accounting systems but could still be done. That'll probably give a better handle on core "value", than a simple mutual fund NAV approach. Look-throughs can bring unlisted holdings into the valuation as well. A core value with a positive correlation to market volatility plus a premium that moves inversely with volatility. Make sense to anyone but me?
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