The Interpretation of Financial Statements

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All investors, from beginners to old hands, should gain from the use of this guide, as I have From the Introduction by Michael F Price, president, Franklin Mutual Advisors, Inc.Benjamin Graham has been called the most important investment thinker of the twentieth century As a master investor, pioneering stock analyst, and mentor to investment superstars, he has no peer.The volume you hold in your hands is Graham s timeless guide to interpreting and understanding financial statements It has long been out of print, but now joins Graham s other masterpieces, The Intelligent Investor and Security Analysis, as the three priceless keys to understanding Graham and value investing.The advice he offers in this book is as useful and prescient today as it was sixty years ago As he writes in the preface, if you have precise information as to a company s present financial position and its past earnings record, you are better equipped to gauge its future possibilities And this is the essential function and value of security analysis Written just three years after his landmark Security Analysis, The Interpretation of Financial Statements gets to the heart of the master s ideas on value investing in astonishingly few pages Readers will learn to analyze a company s balance sheets and income statements and arrive at a true understanding of its financial position and earnings record Graham provides simple tests any reader can apply to determine the financial health and well being of any company.This volume is an exact text replica of the first edition of The Interpretation of Financial Statements, published by Harper Brothers in 1937 Graham s original language has been restored, and readers can be assured that every idea and technique presented here appears exactly as Graham intended.Highly practical and accessible, it is an essential guide for all business people and makes the perfect companion volume to Graham s investment masterpiece The Intelligent Investor. Free Download eBook The Interpretation of Financial Statements Author Benjamin Graham – kino-fada.fr Some points worth noting 1 A BALANCE sheet shows how a company stands at a given moment There is no such thing as a balance sheet covering the year 1954 2 In general, theliquid the current assets, the less the margin needed above current liabilities Railroads and public utilities have not generally been required to show a large current ratio, chiefly because they have small inventories and their receivables are promptly collectible.3 If the inventory is of a readily salable kind, and Some points worth noting 1 A BALANCE sheet shows how a company stands at a given moment There is no such thing as a balance sheet covering the year 1954 2 In general, theliquid the current assets, the less the margin needed above current liabilities Railroads and public utilities have not generally been required to show a large current ratio, chiefly because they have small inventories and their receivables are promptly collectible.3 If the inventory is of a readily salable kind, and particularl...basic top down dissection of standard financial statements pretty high level, not of use to anyone who has taken a financial accounting course however, hearing this information from the father of value investing can t hurt at all.A lot has changed since the 1930s This book is an example of how financial analysis ought to be taught in a concise manner It s a good book to have around especially for the beginner A quick read with a fantastic introduction.It s an extra text to Security Analysis It helps to understand and apply main concepts.It s a book by Graham so it is a must be read Interesting to see the world from an accountant s perspective from 1937 Which is to say railroads and utilities That s ok Still a great little reference book to have on your shelf Remember, Graham suggests in The Intelligent Investor to make regular investments to mutual funds and to stay away from individual stocks He suggests if you do plan to not go with the smart money then you need to read books such as this Then when you ve learned your It s a book by Graham so it is a must be read Interesting to see the world from an accountant s perspective from 1937 Which is to say railroads and utilities That s ok Still a great little reference book to have on your shelf Remember, Graham suggests in The Intelligent Investor to make regular investments to mutual funds and to stay away from individual stocks He suggests if you do plan to not go with...At bottom the ability to buy securities particularly common stocks successfully is the ability to lookahead accurately Looking backward, however carefully, will not suffice, and may doharm thangood Ben Graham The Interpretation of Financial State...Take an accounting class then read this book or read it while taking the class or just read it In any case it will give you an understanding of a company s financial strength if you ever want to know something like that.Best book on accounting I could ever ask for More information in this quick read than in my entire collegiate financial accounting course.Good for beginners

The Interpretation of Financial Statements
  • 17 October 2018
  • Hardcover
  • 144 pages
  • 0887309135
  • Benjamin Graham
  • The Interpretation of Financial Statements