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Originally Posted by m4a1mustang
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Very well said. I have a degree in Computer Information Systems with Business Admin. I enjoyed both Finance & Accounting though finance was/still is higher up in my preference list. I was always amazed at how easy the accounting rules made it to distort the numbers whichever way one needed it to be for disclosure purposes. I used to work for one of the largest asset manager firm in the world interacting on a close basis with traders, research analysts & investment bankers (Many of whom not all had egos the size of Texas
). I personally thought that many needed to go back to school to rehash basic finance principles though coming from Ivy League schools. I ended up being right when the company was forced to disclose a $2,000,000,000 loss due to some poor bets in the midst of the crisis.
Some of the stuffs, I found from those guys's workstations hosted on the enterprise storage and backup replicated devices. They would even hide it under several nested folders and name it Mikey Mouse for instance thinking they were too smooth... It was unbelievable
