By Benjamin Graham
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 ofFinancial 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.
No comments:
Post a Comment