I heard an accountant once say that people in his profession are generally bad investors. I am uncertain if this is true. I never really bothered to confirm his assertion. He said that his reasons for believing so relate to the nature in which accountants interpret data, which he implied was rather literal. I personally almost always ignore "book value" - that is to say, the cost of acquisition. For me, the book value is similar to a figure of speech: the investment value never has to be…