webwiz
Posts: 1,133
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Post by webwiz on Mar 10, 2015 16:25:00 GMT
Old joke: 3 candidates are interviewed for an accounting job. At the end of the first interview the boss says, "One last question. What is 2 plus 2?". The applicant, non-plussed, said "4" and was told "We'll let you know". The same thing happened with the second applicant. He was a bit more cagey, suspecting that it was a trick question, but also could not think of any other answer and was told the same. The last candidate came in and the same question was asked. Quick as a flash he said "What would you like it to be?", and got the reply "When can you start?".
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mikes1531
Member of DD Central
Posts: 6,453
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Post by mikes1531 on Mar 10, 2015 18:02:45 GMT
The above story reminds me too much of my former career, when I was the one doing the analyses and providing the numbers -- and sometimes the results weren't what management wanted them to be.
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Post by Deleted on Mar 11, 2015 0:15:13 GMT
I like to see valuations based on actual, existing situations. You can ask valuers to value based on all sorts of assumptions and in doing so get almost whatever figure you want. Bu that's not the reality of the security at the time of loan.
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