Nov 29, 2010
C&V - Seitel - 11/29/10
Lessons Learned:
3 types of asset values - book value, intrinsic value, and market value. If MV is higher than IV, you should sell the asset.
Need to understand how top management is incentivized.
Incentivize operating metrics instead of financial metrics
Consider the context that your financials are in
Expense vs. Capitalization issue
Be careful about stepping into a leadership role
Where is the line of fraud?
Is your goal to make money or to raise money?
Book value has nothing to do with market value
Why am I reporting what I am reporting?