“Comment, question or quotation of the day”

13-11-2018 : Question from a follower of the Vernimmen.com Facebook page

What is the notion of normative? In finance, normative means recurrent, in the normal course of business, without any exceptional events. A normative margin is the sort of margin a company can expect to make on a regular basis. A normative profit is the profit from which the exceptional items have been deducted.
Have a nice day.

12-11-2018 : Quote of the day

Sales are vanity, profits are security, and cash is reality. Jean-Pierre Lac


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The Vernimmen.com Letter

Number 115 of September 2018

News : Financial analysis of listed Chinese groups

Statistics : SPACs

Research : The crucial role of personal relationships in loan agreements

Q&A : 2 financial problems