Wednesday, October 08, 2008

Trivia of the day

There are more West Ham fans than Icelanders.

There are two sides to a Balance Sheet- Left & Right ( Liabilities and Assets respectively). On the Left side there is nothing right.. and on the right side there is nothing left

3 Comments:

Blogger Mopsa said...

But where has all the cash gone, WW? Did someone light a big bonfire?

9:34 am  
Blogger kinglear said...

Well, even West Ham is doing a bit better financially than the Icelanders.
And nothing left? Hm yes perhaps too true. But I stick with my posit - 4250 FTSE = BUY!

12:26 pm  
Blogger Whispering Walls said...

Hi Mopsa - it was a sort of pyramid scheme based on property prices which was fine in a rising property market. However once the property fall in value, there is insufficient collateral for the loans so the "assets" disappear.

Good luck with your buying target, KL.

5:57 pm  

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