(BLOOMBERG) – The upper shares go, the louder the forecasts for his or her demise. Costs are hopelessly stretched, warn the naysayers – the beneficial properties aren’t justified by earnings.
However to a rising variety of traders, the issue will not be bloated valuations. It’s that longstanding accounting requirements mis-classify billions of {dollars} of cash-cow property as in the event that they’re drags on companies.
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