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Story: Would I Have Been Able To Tell Right From Wrong?

Posted Jun 11 2013 4:12pm

For the weekly videos, I now tell a story. I’ve realized that for me, and I think for many people, a story is what holds my attention and makes a point most powerfully.

This week’s story: Would I have been able to tell right from wrong?


Can’t see the video? Click here .

As I said, I didn’t really understand what happened with Enron; I understood just enough to make me feel unsettled.

The passage I read is: “The overriding basic principle of accounting is that if you explain the ‘accounting treatment’ to a man in the street, would you influence his investing decisions? Would he sell or buy the stock based on a thorough understanding of the facts? If so, you best present it correctly and/or change the accounting.”

If you’d like to read the full text of Sherron Watkins’s memo, read it here .

How about you? Can you think of examples when you found the right question or the right test to identify the right path? Often, I say to myself, “Do the loving thing.” That often helps.

Find the archives of videos here .  More than 1.5 MILLION views. Don’t forget to subscribe!

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