The Interpretation of Financial Statements

The Interpretation of Financial Statements

The Classic 1937 Edition

Book - 1998
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HARPERCOLL
"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.

Book News
Reprint with a new introduction by Michael F. Price. Annotation c. by Book News, Inc., Portland, Or.

Publisher: New York : HarperBusiness, 1998
Edition: 1st HarperBusiness ed
Description: viii, 122 p
ISBN: 9780887309137
0887309135
Branch Call Number: 657.3 Gra
Additional Contributors: Meredith, Spencer B.

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ricardohdz
Apr 17, 2017

This is an essential and timeless book to understand financial statements. It offers great insights and must-knows about how to interpret and evaluate balance sheets, income statements and cash flows. Despite being written more than 60 years ago, the ideas and reflections of this book are still accurate for the contemporary market.

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r
ricardohdz
Apr 17, 2017

This is an essential and timeless book to understand financial statements. It offers great insights and must-knows about how to interpret and evaluate balance sheets, income statements and cash flows. Despite being written more than 60 years ago, the ideas and reflections of this book are still accurate for the contemporary market.

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