For the experts: Name the two most important principles of finance?
Random Guy from Texas asked:
Having an interesting disscussion with someone who claims to be a CPA for 30 years and can’t name them.
To be fair to him, I will ask the business and finance community what they think the two most important principles are. Your opinion, and maybe I will learn something new for myself in the answers.
I mean finance in general, and this is more of a “book-type” question of technical principles, a bit like asking “what law of motion is most important when attempting to understand the trajectory of a rocket”?
Having an interesting disscussion with someone who claims to be a CPA for 30 years and can’t name them.
To be fair to him, I will ask the business and finance community what they think the two most important principles are. Your opinion, and maybe I will learn something new for myself in the answers.
I mean finance in general, and this is more of a “book-type” question of technical principles, a bit like asking “what law of motion is most important when attempting to understand the trajectory of a rocket”?
April 17th, 2010 at 10:51 am
make a profit and dont lose money
April 20th, 2010 at 7:56 pm
Debits on the left, and credits on the right..
April 22nd, 2010 at 2:18 pm
(Sings) Neither a borrower nor a lender be,
Do not forget: Stay out of debt; Think twice, and take this
good advice from me, Guard that old solvency. There’s just
one other thing you ought to do. To thine own self be true.
[Enter entire cast]
ALL:
(Sing)
Neither a borrower nor a lender be,
Do not forget: Stay out of debt;
Think twice, and take this good advice from me,
Guard that old solvency.
There’s just one other thing you ought to do,
To thine own self be true.
April 22nd, 2010 at 2:39 pm
There are sooo many answers to that, depending on the category you’re asking about.
CPAs - Debits on the left, credits on the right
Investing - Buy low, sell high
Planning - Save early, save often
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