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Personal Finance Topics / Macroeconomic Trends and Risks
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Author: Lear   😊 😞
Number: of 3940 
Subject: Re: Control Panel: Valuations. Temporary?
Date: 04/20/26 7:49 PM
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The key stock based compensation change was mandated in 2005 (requiring it to be counted as a cost by removing loopholes), now enshrined at ASC 718. It requires a material adjustment.

E.g., see below for an attempt to measure the adjustment required:

https://manuinvests.substack.com/p/the-broken-yard...

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