A Brief Accounting (& Parenting) Primer As a former accountant (my first post-college job was as a CPA), I learned these inventory terms: FIFO: First in, First Out LIFO: Last in, First Out Weighted Average method: what it sounds like. To those, I’d add one more: FILO, for “first in, last out.” Specifically, that’s what harried...Read More
The Best vs. The Rest Great graphic, courtesy of City Lakes Office manager Josh Kaplan (via Marge Kane), cutting through the myriad, often conflicting statistics describing today’s housing market. Bottom line: the good stuff shines, and finds Buyers (or vice versa). Meanwhile, homes that aren’t “best in class” get overlooked and sit . . ....Read More
FIFO, LIFO & LILO “Where is the money [created by the U.S.] going? Where the problem’s going to be: Asia. You can see asset prices going up, not only in Korea, in Taiwan, in Singapore and in Hong Kong, going up to levels that are incompatible or inconsistent with the economic fundamentals.” –Donald Tsang, Hong...Read More
