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"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. Review: Good - Good Review: Great book! - Another great book by Benjamin Graham!
| Best Sellers Rank | 451,273 in Books ( See Top 100 in Books ) 285 in Finance & Stock Market History 2,552 in Business & Economic History |
| Customer Reviews | 4.6 out of 5 stars 605 Reviews |
A**S
Good
Good
I**O
Great book!
Another great book by Benjamin Graham!
A**R
A Classic Reference Book
People involved in the governance of voluntary and charitable organisations often come into the role from other than financial management disciplines. This classic reference book helps with understanding financial statements in an increasingly regulated environment demanding clear understanding and accountability.
M**R
simple and easy to understand
This book is very much for beginners and explains everything that you need to analyse a financial statement in very simple terms. It is a very good buy for novices though a bit expensive for such a small book. The other excellent book is the intelligent investor and security analysis. Be warned that the security analysis is very heavy reading!!!! I throughly recommend this book for people to understand how to interpret a finacial statement- it does what it says on the cover as such.
M**Y
Simple but Good
This is a very short book on how to analyze financial statements. It is written in simple English that most people can understand. Because it was written in the `30s, it should not be the only book that investors read on financial statements, but it should definitely be one of many. Warren Buffett learned a lot from Benjamin Graham and so can you. - Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
A**R
Three Stars
is okay
B**G
Rather outdated...
I read this book because I'm interested in Graham's value investing approach. However, this approach is not discussed in this book. A brief and very basic introduction to financial statements is given, but, as this book is from 1964 (and the first print even older), this overview is rather outdated. Rules and regulations have changed and the environment too (in the book railroad companies are often used as example). Read the other books of Graham if you want to know more about value investing, but to study financial statements I would recommend picking an other book.
S**N
Five Stars
Good read for entry level readers of investing.
H**E
Prerequisite for other Graham books
This is an excellent book. I've read all of Graham's books and this book is a must before reading any of Grahams other books. It's not the only book on financial statements that I would get but it is definitely one to add to your library. Below are a couple of other good financial statement analysis books to read before investing or reading Graham's other books. You don't need an MBA or a degree in Accounting to invest like Graham. Walter Schloss was a Super Investor of Graham and Dodd as Warren Buffett quoted saying and Walter never went to collage. Ben Graham primarily focused on the balance sheet. Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports How to Read a Financial Report: Wringing Vital Signs Out of the Numbers
A**N
Poor construction
Content remains relevant however print copy is poor! Text print is off, on a angle. Construction is poor, pages separated from binding after first read! Perhaps find the book in another print format, perhaps paper back could be better quality.
U**N
Finest book
I am happy with this book. Becoz this book is one of the best book in my life. Thank so much 😘😊😘😘❤️
C**N
Es útil y fácil de entender.
Es un librito muy corto y muy fácil de entender. Muy bien estructurado y sencillo. Todavía resulta aplicable para analizar la contabilidad de las empresas. La edición en tapa dura justifica en parte el precio, pero sólo en parte, porque luego el papel y la letra son un tanto deficientes.
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