What is your favourite, no BS, ONE book on financial statement analysis that teaches you in SIMPLE LANGUAGE
how to analyse financial statement of a company
what line items to focus on and what not etc?
I recently read a good one called Financial Shenanigans that teaches you how to detect fraud in a company.
Am looking for some BEST books on financial analysis
Comments (25)
There's a dude teaching at Columbia named Doron Nissim, he has several materials on analysing financials & spotting weird patterns (not necessarily fraud but like leading indicators for future drops in performance). He's quite dry but the materials are pretty good and, crucially, quite actionable.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3794378
That's the 530 page paper he gives to students, you can use it as a tool to specifically research line items.
This
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"This report is limited solely for the use of clients of Wolfe Research... Please help us protect your advantage... DO NOT Forward."
Why would you share this on a public forum?
Who made you the copyright police?
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dude just off seriously
Incredibly helpful. Thank you!
np
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Btw do you find the primer helpful for US GAAP companies only, or they are helpful for IFRS companies too?
I see there are pages on comparison between the 2 standards
Yes, as long as one figures out the flow of a non-US company's annual reports.
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thanks Dick, you are the best
np!
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Hey Dick,
Did you remove it? I'm not seeing anything in your comment besides the one word, "this", with no attachment.
Click on the word, boomer.
Click on it my man
A challenging read, but incredibly valuable nonetheless. Thanks!
This is amazing! Thanks for sharing!
I'm also reading "Quality of earnings", a book written back in 1998, but seems to be legit based on reviews.
And other no BS primer / book on accounting characteristics of companies in DIFFERENT INDUSTRIES?
Like one that explains financial statement for industry A company tend to be xxx, while for industry B company tend to be yyy, because of zzz those kinds of things
Creative Cash Flow Reporting has always been a favorite
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