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 | | The Interpretation of Financial Statements by Benjamin Graham, Spencer B. Meredith ISBN-10: 9780887309137 ISBN-10: 0-88730-913-5 ISBN-13: 9780887309137 ISBN-13: 978-0-88730-913-7 Hardcover 1998-01-15 Collins Business Find Lowest Price |
Editorials | ||
Product Description "All investors, from beginners to old hands, should gain from the use of this guide, as I have." 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. | ||
Reviews | ||
A classic Yes it is a classic but it is also old and outdated - this is what you are buying when you buy this book. A new book entitle Warren Buffett and the Interpretation of Financial Statements is far more timely book. | ||
An understanding of all the points of a company's financial statement Each portion of a financial statement is described in this book. it is more of a reference to go back to rather than a book to read through. It is very detailed. | ||
Simple content that charges Huge amount The book's content doesn't give any valuable information at all. What's inside can be found on most other financial and investment books. Furthermore, the cost is way way too high. I feel ripped off! My worst buy at the moment!! | ||
Historically significant look at the balance sheet What this book is: The 1936 edition of "The Interpretation of Financial Statements" by Benjamin Graham, the father of the modern academic discipline of financial analysis. In brief chapters with examples, Graham explains different entries you might find on a corporation's public balance sheet, how those assets and liabilities (debits and credits) add up, and what the meaning is with regard to that corporation's financial health. There are occasional glimpses of average figures by industry, but given that they were compiled in 1935, they are more interesting as a glimpse into the past - some things have changed, much more has remained the same. What this book is not: 1. It's not a primer on double-entry accounting. If you really don't know anything about double-entry bookkeeping, you'll find the book rough going, as basic familiarity is assumed. 2. It's not an editorial. There's remarkably little opinion given about how to value companies based on their balance sheet entries. That task is performed in the author's mammoth magnum opus, Security Analysis (I prefer the 1940 edition). This book does function admirably as a tableside glossary to that work. 3. It won't tell you how to get rich by investing. Readers looking for get-rich-quick guides should look elsewhere. 4. GAAP- or SOAP-compliant. Both Generally Accepted Accounting Principles and Sarbanes-Oxley postdated the publication of this book by many years. I enjoyed this book and found it a pleasant, intelligent and necessary introduction to Graham's Security Analysis. If you have interest in learning about the history of financial analysis, you will probably find this book of interest as well. | ||
THE GUY WHO TAUGHT WARREN Graham is the money lord whose writings formed the basis of Warren BUffett's investing tenets. That should be enough of a basis for those pondering buying this book. This guy taught Buffett! On the other hand, the book is a little tedious, and certainly not for the novice investor. I'd say you should be an intermediate level investor, at least, beforing diving into this creaky book. But if you're patient and willing to stay with it, there are certainly some real pearls of investing wisdom between its pages. For those desiring a more user friendly investing tome try The Millionaire Mind by Standley, the sequel to The Millionaire Next Door. The Millionaire Mind | ||