The Interpretation of Financial Statements: The Classic 1937 Edition
Physical
In CirculationWhat will you learn from this book
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Fundamental Analysis: The book likely emphasizes the importance of fundamental analysis in evaluating the financial health of a company. This includes examining financial statements to make informed investment decisions.
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Balance Sheet Analysis: Insights into the interpretation of balance sheets, understanding assets, liabilities, and equity, and how they reflect a company's financial position.
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Income Statement Examination: Guidance on analyzing income statements to assess a company's profitability, revenue sources, and overall financial performance over a specific period.
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Cash Flow Insights: The book may discuss the significance of cash flow statements in understanding a company's liquidity, operational efficiency, and ability to generate positive cash flows.
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Financial Ratios: Introduction to various financial ratios that help investors gauge a company's financial health, efficiency, and profitability. This may include ratios like debt-to-equity, current ratio, and return on equity.
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Industry Comparisons: Discussion on the importance of comparing financial metrics within the context of the industry, recognizing that different sectors may have distinct financial characteristics.
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Conservative Investing: Benjamin Graham, known for his value investing philosophy, may emphasize the importance of conservative and prudent investing, focusing on the long-term prospects of a company.
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Quality of Earnings: Insights into assessing the quality of a company's earnings, distinguishing between sustainable and non-recurring income sources.
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Risk Considerations: The book might address the identification and evaluation of financial risks, helping investors make more informed decisions about the level of risk associated with a particular investment.
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Investor Education: Overall, the book may serve as an educational tool for investors, providing them with the knowledge and tools needed to independently evaluate the financial statements of potential investment opportunities.
| Language | English |
|---|---|
| ISBN-10 | 9780887309137 |
| ISBN-13 | 9780887309137 |
| No of pages | 144 |
| Font Size | Medium |
| Book Publisher | HarperBusiness |
| Published Date | 06 May 1998 |
About Author
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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.