1. Earnings figures are easily engineered, and are almost always misreported on financial databases. The only way that any responsible investor should measure true earnings, is by making prudent adjustments to GAAP figures found within company annual reports.
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2. Take a look at aggregate S&P 500 earnings. How much of the reported earnings since 2012 do you think are reflective of actual business prosperity, beyond financial engineering? Almost zero. The run-up has been mostly enjoyed by stock appreciation, not real corporate growth.
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Replying to @Tinyvalue
So Apple, Amazon, Google or Microsoft have not grown as corporate ?
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Replying to @email2sharad
Good sir, "corporate profits" refers to the aggregate. The aggregate always discounts the particulars!
8:26 PM - 25 Oct 2019
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