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If the value disappears overnight, wouldn't it be fair to compare it to the yearly figures?
by the-dude 7y ago
If the value disappears overnight, wouldn't it be fair to compare it to the yearly figures?
- ssivark 7y agoIf it disappears "overnight", then would the right comparison be to daily GDP? which would increase the computed percentages by a factor of 365. Clearly it is not sensible to compare two quantities with different dimensions of $ and $/time. It is like comparing distance (miles) to speed (miles/hr). Changing units to (meters/sec) doesn't change the absurdity in any way.
- the-dude 7y agoI run a business. If I had to 'write off' some asset today because it has proved to be worthless, it will affect the yearly report.