If memory serves, all of Andersen got retired, didn’t they? That whole Enron (Global Crossing, Tyco, Adelphia, etc) debacle should have been a clarion call across the board for government, banking, finance, and law regarding regulation and oversight. Sadly, we were given SarbOx as a palliative and then back to business as usual.
My point with the above has to do with its intersection in investments and all of the fraud, malfeasance, mismanagement and just downright stupid shit that has gone on over the last dozen years or so. I’m not one to suggest waiting till everything is rosy again, but I believe that, good times or bad, a deal either pencils or it doesn’t. You see that often enough even on this board with poorly informed or poorly educated “investors” prattling on about some “great” deal with huge “upside” and its nothing but a joke.
Still a lot of pain out there for the unready or unwise.
