WolfOfMainStreet Posted July 4, 2014 Share Posted July 4, 2014 So I've been reading "The Intelligent Investor" with commentary by Jason Zweig (about half done). Love the book, Graham's logic, and I enjoy the commentary. I have around 18 pages of written notes that I review from time to time. I noticed that roughly the first half of the book goes into the theory of being an Intelligent Investor and the second half goes into the more technical details. Graham refers to "Security Analysis" and "The Interpretation of Financial Statements" to answer the reader's more technical questions about financial analysis or to give a basic introduction to financial reporting. Both of these books were written in the 1930s and accounting methods and laws have changed. After describing the financial statement shenanigans that accountants can do Zweig suggests the following books: Martin Fridson and Fernando Alvarez’s "Financial Statement Analysis" Charles Mulford and Eugene Comiskey’s "The Financial Numbers Game" Howard Schilit’s "Financial Shenanigans" Before I even touch a single stock I promised myself that I would finish at least a couple of books with the caliber of "The Intelligent Investor" and that I would get a firm grip on understanding financial reporting. I've already taken a financial accounting course so I understand things like LIFO/FIFO, depreciation, capex/expenditures, basic ratios (ROA/ROE/PE/EPS), PS/CS/options/dilution, etc. at least on a basic level. Is there a good book out there on understanding financial reporting through the eyes of an intelligent investor? I don't want something like "Accounting for Dummies", more of a "Looking at financial statements through the eyes of Buffett" type of book. Also, has anyone read any of the texts Zweig suggested? Are they any good? Link to comment Share on other sites More sharing options...
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