Murphy's Laws of Law and Finance


Emery's law

The rule of law is the substitution of error for accident.

Clark's Law

When a lot of people do the same stupidity, the reason for this should be sought in tax laws.

Harner's commandment about taxes.

If tax law requires you to choose one of two options, the wrong choice will become apparent only after it is too late to change it.

Biship's Tax Law

Tax changes are made either too early or too late for you to take advantage of them.

Blackwell audit principle

A tax audit must be carried out for the year in which you make the biggest mistake.

Buckold's law

When the economy goes up, everything else goes down.

Wiker's law

The government expands in such a way as to swallow all the revenues, and then - and a little more.

Westheimer's rule

To set the time required to complete a task, first determine the time that you think it should take, then multiply this number by two and move to the next highest unit of measurement. Thus, it takes two days to complete a one-hour job.

Guppy law

If huge expenditures are broken down into small enough items, the public will not be able to understand their interrelationships to stop waste.

Consequence

A sufficient number of guppies can easily eat a large goldfish.

Spencer's laws on accounting

1. The trial balance never converges.

2. Working capital never turns over.

3. Liquidity tends to fall, while illiquid assets tend to grow.

4. The return on invested capital does not capitalize.

Gresham's Law

Small and simple issues are resolved quickly; complicated and important ones are never solved at all.

Edwards law

Effort x time = constant.

a) if at first a lot of time is allotted to the work, the initial efforts will be scanty;

b) as the remaining time approaches zero, the effort increases to infinity.

Consequence

If it had not been for the last minute, nothing could have been done at all.

Brian's Law

For almost any organization, at some point in its life cycle, its ability to succeed in spite of itself is exhausted.

Institutional Law

The luxury of furnishings and decor of offices is inversely proportional to the basic solvency of the firm.

Hertz rule

The richer the client, the more disgust he shows when receiving the bill.

Spinola's budget principle

The budget is just a method that allows you to worry as much before you start spending as it does after you finish.

Kuida's law on budget allocation

The larger the budget, the less efficiently funds are allocated.

The 90/90 rule for scheduling any projects

The first 90 percent of the assignment takes up ten percent of the time, and the last 10 percent takes up the remaining ninety.

Wingfield's axiom

Accuracy is the sum of all compensation errors.

Sirach company motto

Millions for legal defense, but not a penny for damages.

Parkes' Insurance Rates and Taxes Act

What once has grown will remain so.

Juhani's Law

Compromise will always cost more than any of the options he tries to reconcile.

The first law of monetary dynamics

An unexpected cash income is always followed by an unexpected expense of the same magnitude.

Horngren's observation

Among economists, the real world is often just a special case.

Glynn's law

The annoyance surrounding a commercial transaction is inversely proportional to the amount of profit.

Rule of division of inherited property

The positions that are most difficult to divide or implement will not be mentioned at all in the will.

Crane's law

There is no such thing as a free lunch.


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