Rather, it gives the analyst objective benchmarks which the analyst then uses to determine his or her views as to what economic reality is. (mjwhitman.pressbooks.com)
But then again, I only expect it to provide objective benchmarks, not reflect economic reality. (mjwhitman.pressbooks.com)
In contrast, as reported GAAP are relevant to Third Avenue Value Fund (TAVF) only as objective benchmarks. (mjwhitman.pressbooks.com)