The Tuesday Accrual: December 09, 2025

December 09, 2025

12/09/2025

But what can you actually DO about the proclaimed ‘AI bubble’? Billionaires know an alternative


Sure, if you held your stocks since the dotcom bubble, you would’ve been up—eventually. But three years after the dot-com bust the S&P 500 was still far down from its peak. So, how else can you invest when almost every market is tied to stocks?

Lo and behold, billionaires have an alternative way to diversify: allocate to a physical asset class that outpaced the S&P by 15% from 1995 to 2025, with almost no correlation to equities. It’s part of a massive global market, long leveraged by the ultra-wealthy (Bezos, Gates, Rockefellers etc).

Contemporary and post-war art.

Masterworks lets you invest in multimillion-dollar artworks featuring legends like Banksy, Basquiat, and Picasso—without needing millions. Over 70,000 members have together invested more than $1.2 billion across over 500 artworks. So far, 25 sales have delivered net annualized returns like 14.6%, 17.6%, and 17.8%.*

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Investing involves risk. Past performance not indicative of future returns. Reg A disclosures at masterworks.com/cd

Profit & Loss Report

Republicans Introduce ACA Tax Credit Extension with Minimum Cap

The CARE Act would extend ACA subsidies for two years with a $200,000 income cap and a $25 minimum premium, ending zero-cost plans. Without further action, premiums could double and millions of Americans might lose coverage after 2025.

Without an extension, subsidized enrollees could witness premiums rise from $888 to $1,904 in 2026, while hospitals face higher uncompensated care. As a temporary “glidepath” off pandemic-era support, the bill’s future remains uncertain.

Rare Accounting Oddities

What does horse feed, and grains have in common with accounting?

Roman accountants tracked everything. Their ledgers covered rations, weapons, and even iron hob‑nails, proving accounting was the backbone of military efficiency.

Forts like Vindolanda in Britain reveal daily logs of supplies and payments, showing logistics like inventory managers. Every detail mattered, from grain to a pair of caligae.

Imagine scribes balancing ledgers for horse feed while armies marched across Europe. Next time you’re working, remember — accounting keeps the world running.

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Journaling Insider

FASB Update Simplifies Topic 270 and Interim Disclosure Principles

The FASB issued a new ASU on December 8 to simplify GAAP interim reporting by clarifying when Topic 270 applies, mandatory disclosures, and interim statement organization. The principle requires material event disclosure after recent years.

The ASU does not change the purpose of interim reporting but improves consistency by streamlining disclosures and formatting guidance. It becomes effective for public business entities starting late 2027 or 2028, with early adoption allowed.

Making Cents of Accounting

“Expensive Adventure”

Accountant A: Reconciling expenses is my cardio.

Accountant 2: So you’re running to Excel and back?

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