value and opportunity

With a little delay, some hoepfully interesting links:

MUST READ: Damodaran with a three part series on acquisitions: Acquisition accounting part I and part II and success factors for acquisitions.

Good paper about investing under uncertainty

Interesting interview with Jean-Marie Eveillard with comments about accounting across time and countries (good comments about British accounting and securities…).

Stableman with an interesting quote from Seth Klarmann about complex securities as investment opportunities

Wilbur Ross warms up to Spanish Banks…

Chovanec on the crackdown of the SEC against Chinese auditors