Reply to thread

Message: <blockquote data-quote="GreyLord" data-source="post: 8692062" data-attributes="member: 4348">I worked in business.  I did finanacial research into companies.  I am retired but STILL am involved with a company and it's board at times.An audit is A financial record, but it is not ALL the financial records.  For a company starting out, there aren't as many financial records at the beginning (such as when TSR first started out) as later.In the early periods, most of the time you find that the owners or those who started the business are the ones who actually have the financial documents.  These go over the actual NUMBERS that are coming in.  This will depict sales, expenditures, income, gross, etc.When you write up something, you want it based on the primary documents.  You need the source document.  If we are talking about historians, they talk about things called primary and secondary sources.  You want the primary sources, not the secondary to have a stronger argument.  The MORE primary sources you have, the stronger the argument.What brought this up was information presented on this site.  We have charts that depict these numbers from what we have seen.  The question is WHERE is this information coming from...WHAT are the PRIMARY sources...aka...where are the primary documents that were sourced and can we see ALL of them.An accounting WITHOUT the primary documents to source them is like an accountant coming up and saying..."You just have to trust me on this."No one is just going to trust someone's word without the documentation (or at least those who work with keeping the stuff on the up and up).  Much of this is because the GOVERNMENT doesn't normally just trust what we say without documentation.  It's a good way to get in trouble.The books claim to have numbers going back to the early 70s.  The financial documentation when TSR started WAS NOT something Williams has ever presented as having, nor has anyone else...really  The people who would have them were those who were actually RUNNING the business at the time and perhaps those that were their friends that they may have entrusted later.  Those documents would be kept in some sort of filing system.There are other ways to get documentation as well.  I know some who HAVE some of these papers...personally.  You know how many of these authors have approached them (at least that I am aware of).  ZERO.  NONE.  NADA.  NILCH.Not that they would RELEASE the information, as there are certain ethical values there that would probably mean they would not...BUT...the very fact that no one has even requested them...This is why I bring it up in question.  If you knew who had some of these papers and KNEW no one was actually asking to see them...you might question where some of the information is coming from as well.Anyways, I've been over this already.  I am no being asked to repeat things I've already stated in the thread.  I'm not a fan of talking in circles because what I already wrote and was being responded to is not being read and taken into account is leading to going in circles.  I suppose I'll be done with this. I'll boil it down to this...People say they want the information, but they don't want to know the sources it seems.  That's okay, but this is where my questioning lies.  Probably because, as I said before, a LOT of it is available, but to hunt it all down may take more time and money than it is actually worth to hunt down for any one person at this point.</blockquote>

Verification