So I'm thinking about writing a book on the dangers of investing in stocks in general and what to watch out for.
Over the years I've seen so much phoniness and shadiness .
a) cooking the books
b) Company Secretaries lying and giving overly optimistic info/press releases that prop up share prices
c) over-valuation of assets
d) what to watch out for in different industries - for E&P - liability risk if a drilling rig leaks, in Pharma - USFDA audits
d) auditors lying and sleeping with the management - from to no named companies
f) How past success and cash flows don't mean jack - one wrong debt fueled venture can sink the ship
g) how real world events affect unexpected financial events in the company - a flood can destory a factory and the company can under-play its seriouness
So on so forth. Most investment books are very theoretical and pertain to understanding financial statements.
But I've come to realize that what happens in the physical world and sphere of company's operations is as important.
I have enough info to write a book, literally. I always accumulate learnings in an excel sheet so what do you guys think ?
Private Equity Interview Course
- 2,447 questions across 203 private equity funds. Crowdsourced from over 500,000 mem.
- 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
- Trusted by over 1,000 aspiring private equity professionals just like you.