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Well, I’d like my life to be like a Bruce Springsteen song. Just once. I know I’m not born to run, I know that the Seven Sisters’ Road is nothing like Thunder Road, but feelings can’t be so different, can they? I’d like to phone all those people up and say good luck, and good-bye, and then they’d feel good and I’d feel good.
Although the presence of a non-depressed friend also significantly reduced your chances of feeling depressed, a depressed friend was six times more likely to make you depressed than a happy friend was to make you happy. Female friends had an especially strong effect on the spread of depression. Among the other effects they were able to document was a strong spatial effect. If you had a happy friend who lived within a mile of you, you were 25 per cent more likely to become happy. And you were 34 per cent more likely to be happy if your next-door neighbour was happy. I
With respect to an investment in the real estate company itself, such deception may signal that the time has come to sell your shares. Under IFRS, companies may reduce interest rates each year to manipulate property valuations upward. As we’ve discussed, a reduced interest rate increases the property value. The real estate company can then record the dollar difference between this year and last year as income under IFRS rules for real estate entities, giving investors the impression that they own shares in a sound, growing company. (In other industries, IFRS does not allow a company to use this trick when valuing a single building.) Investors must determine the exact reporting concepts that a company has chosen when preparing its financial statements.
Easy Prey Investors
Al Rosen, Mark Rosen
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