Is Big Tech Overstating Earnings? The Depreciation Math

Microsoft earned $17.95 a share last year. The bears say the real number is lower. Both sides are arguing about the wrong thing. The arithmetic is here.
The Path to Inevitable Wealth: 4 Behaviors That Compound Security

Outliving your money is the real retirement risk, not a bad year. Four behaviors that compound security across a twenty-year retirement.
Amazon’s Hidden Fortune: Why Traditional Accounting Misses the Mark on True Economic Earnings

Amazon’s negative working capital hit minus $90 billion in 2024, an interest-free loan from suppliers worth about $8 billion a year. GAAP misses it.