Book : The Interpretation Of Financial Statements - Benjamin

-Titulo Original : The Interpretation Of Financial Statements

-Fabricante :

Harper Business

-Descripcion Original:

About the Author Benjamin Graham (1894-1976), the father of value investing, has been an inspiration for many of todays most successful businesspeople. He is also the author of Securities Analysis and The Interpretation of Financial Statements.Spencer B. Meredith was an instructor in security analysis at the New York Stock Exchange Institute. 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 Grahams timeless guide to interpreting and understanding financial statements. It has long been out of print, but now joins Grahams 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 companys 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 masters ideas on value investing in astonishingly few pages. Readers will learn to analyze a companys 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. Grahams 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 Grahams investment masterpiece The Intelligent Investor. Review This reissue of the classic 1937 edition ... is right on time.... [The] basic study of financial statements by the average investor is more important than ever.-From the Introduction by Michael F. Price, president, Franklin Mutual Advisors, Inc.Grahams ideas ... formed the framework of thinking about the stock market that has inspired the investment community for nearly a century.-Smart MoneyGraham ranks as this centurys (and perhaps historys) most important thinker on applied portfolio investment.-John Train, author of The Money Masters From the Back Cover The volume is Benjamin Grahams timeless guide to interpreting and understanding financial statements. It has long been out of print, but now joins Grahams other masterpieces, The Intelligent Investor and Security Analysis, as the three keys to understanding Graham and value investing. Readers will learn to analyze a companys 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. Grahams original language has been restored, and readers can be assured that every idea and technique presented here appears exactly as Graham intended. Excerpt. © Reprinted by permission. All rights reserved. Introduction In the spring of 1975, shortly after I began my career at Mutual Shares Fund,