Bastiat Capital

tracking the trends

Foundation of New Era Philanthropy May 1995

Exposed the Ponzi scheme that duped the rich and the famous, which received wide media coverage.
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Coca-Cola Report Jun 1998

Demystified financial statements and alerted investors that Coca-Cola was feeding off its not-so-independent bottlers to artificially inflate its own numbers related in Constance Hays’ book The Real Thing: Truth and Power at the Coca-Cola Company.
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Tyco Report Sept 1999

Was the first published assault on Tyco's accounting and governance practices documented in The Wall Street Journal.
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Enron Report Jul 2001

Highlighted Enron's accounting deficiencies and predicted the stock was worth less than a third of its then market value prior to Skilling's resignation, but could fall further as catalysts emerge.