[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 3 KB, 150x150, 5367765.jpg [View same] [iqdb] [saucenao] [google]
53854716 No.53854716 [Reply] [Original]

>people who don't know basic accounting or how to calculate net-present-value start talking about finance

>> No.53854724

>dunning-kruger retard starts posting incessantly on biz

>> No.53854733
File: 175 KB, 446x625, 1645341767544.jpg [View same] [iqdb] [saucenao] [google]
53854733

>>53854716
Should I sell 100k effreumz now or what?

>> No.53854768

>people who've never sold anything talking about stuff they're learning in college freshman finance courses.

>> No.53854785

>>53854716
>people who think any of this shit still matters in 2023 and stocks dont just move based on their sector ETF's and whether interest rates go up or down or not.

You would be considered smart if this was still the 1980's.

>> No.53854792

I trust my yam finance

>> No.53856592

>>53854768
This being freshman level knowledge makes people's ignorance even worse. People act like experts when they haven't read a single book on the topic.

>> No.53856704
File: 504 KB, 1425x805, sk.png [View same] [iqdb] [saucenao] [google]
53856704

>>53854716
How do you calculate net present value for cypto?

>> No.53856731

>>53856704
sum up all of the future cash flows and multiply them by zero

>> No.53856736

Number go up lol

>> No.53856742

>>53856731
delightfully devlish anon

>> No.53856772
File: 344 KB, 512x512, 1663277074150650.png [View same] [iqdb] [saucenao] [google]
53856772

Yeah yeah whatever.
But what shibacoin should I buy this week?

>> No.53857631

>>53856731
kek

>> No.53857719
File: 176 KB, 600x841, FFB52E17-C561-43F5-9EC2-6162FD9D1A07.png [View same] [iqdb] [saucenao] [google]
53857719

>when OP thinks he’s smart but everything’s marked to market now

>> No.53857731

>>53854716
OP is a 19 year old 1st year college student

You have to be at least 25 and have an income to post here

>> No.53857742

>>53854716
Teach me how to calculate net-present value.
Also how's my accounting? I convince my parents to not charge me rent if they want grandchildren because I'm already 30, after I get this job. I haven't paid for or bought anything in 2 years so I'll keep that up and just invest it all every Thursday afternoon.

>> No.53858009

>>53854724
kek

>> No.53858035

>>53854716
is this bait?

>> No.53858081

>>53857742
>I convince my parents to not charge me rent if they want grandchildren because I'm already 30, after I get this job. I haven't paid for or bought anything in 2 years so I'll keep that up and just invest it all every Thursday afternoon.
You're gonna make it.

>>53858035
It's basic knowledge, anon. Don't tell me you DON'T know the most basic foundation of finance.

>> No.53858123

>>53858081
i do know, but npv's so basic that any bottom of the barrel manager could describe it to you. your bar for tolerating ignorance is way too low

>> No.53858125

>>53858081
I hope you get fired your first day of work at your frat bros dads firm because none of the fixed income pricing matches your own NPV calculations

>> No.53858131

>>53854716
Accounting has literally nothing to do with trading, tard

>> No.53858134

I calculated my NPV a few months ago. Currently I have 60k in assets and a NPV of 200k. Not looking too good.

>> No.53858161

>>53858123
And yet the majority of people on /biz/ couldn't even tell you what it is. Sad, isn't it?

>>53858125
Nice headcanon. I grew up in a trailer park and made it because I was willing to actually learn and work. If you see something you don't know and respond with insults instead of a desire to learn, you're at a critical stage of envious normie who's ngmi.

>>53858131
Don't tell me you invest without even looking at a company's financial statements and seeing key ratios.

>> No.53858182

>>53858161
But you avoided my other post
>>53857719

GAAP standard is MTM. Back to the trailer park you go slim shady

>> No.53858194

I'm good with math and can budget, but somehow I'm absolutely terrible at accounting, at least when I tried to learn it many years ago.

>> No.53858222

>>53858161
>Don't tell me you invest without even looking at a company's financial statements and seeing key ratios.
1. Stocks are for retards. No gains to be made.
2. It's not rocket science. DCA in bear markets. DCA out in bull markets. You overcomplicate simple things making you a midwit.

>> No.53858240

>>53858222
>yolo in yolo out baybee, all there is to it and remember, you only yolo once.

>> No.53858247

>>53858240
Lmao I can tell you've never made money. It's not hard to understand when reversals on the macro happen, but I guess suckers like you are needed to keep the game going.

>> No.53858267

>>53854716
Did your Indian parents force you to become an accountant or did you give up on your dreams by yourself?

>> No.53858317

>>53858182
Historical cost is still typically used for things like PP&E, anon.

>>53858194
How have you tried learning? It confused me a lot when I tried learning. Eventually you reach the point where it all clicks in your head though.

>> No.53858335

>>53858317
>How have you tried learning?
In classroom courses as a freshman in college way back in the day now. In fairness I had terrible problems sleeping and the prof had a strong accent, but even trying to learn from the textbook myself I just couldn't get the hang of it. I basically just remember shit like t-charts. I understand concepts like depreciation and everything, I just sucked ass at actually doing the written work.

>> No.53858390

>>53858335
I'm sorry to hear that. If you're still interested in learning, I've heard good things about the book "The Accounting Game."

>> No.53858391

>>53854716
>>53856592
>being illuminated on finance
>not knowing its all a ponzi
ngmi

>> No.53858684

>>53857742
>I convince my parents to not charge me rent if they want grandchildren because I'm already 30
You will never procreate anyway.

>> No.53858713

>>53854716
Thanks man, just bought 100k

>> No.53858986

>>53858390
What books do you recommend?

>> No.53859008

>>53858267
Are Indian accountants common anon? I thought it was more of an Asian stereotype. Aren’t pajeets usually aiming for medical?

>> No.53859447

>>53858986
I mostly learned it in college, so I can't recommend much introductory works outside of the book I just mentioned.

>> No.53860861

>>53859008
They’re pretty Interchangeable

>> No.53861050

Accountants, finance and econ majors tend to underperform at investing. There have been studies. Turns out knowing about the financial health of a company and being able to read a balance sheet is a hindrance. Just buy dog with bat and yolo.