Just recently, David Robertson ran an article discussing the deviation which has grown between "fantasy" and "reality" in the investing markets.
"The phenomenon of extreme differences is also increasingly appearing in financial numbers, which are the life blood of markets. Andrew Smithers conducted research on the usefulness of accounting numbers and his work was summarized by Jonathan Ford.
'Corporate data now provide worse information than before.'
The ironic consequence of all this is that investors increasingly rely on non-Gaap numbers for valuation. These are not only idiosyncratic, and thus not always capable of