Quality of Earnings

Very good book for anyone wanting to step up their ability to analysis companies' financial statements. It is for the fundamental investor and gives good detail and tips for any future Warren Buffets.

This is a great book. The most valuable lesson I learned from it is to analyze the differences in income reporting to the IRS vs. reporting to shareholders. All companies keep two types of books, one for the IRS and one for shareholders. There are times when an expense can be deducted from a taxable income on the tax return, but it may not be deducted under the GAAP rules. As an investor, I am interested in knowing what a company reports to the IRS and how this number compares to what it reports to shareholders. Since most of the investors do not even bother to check this discrepancy, the dishonest management may deceive investors by hiding certain expenses.- 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

The beginning of the book was rather slow, but later on the author explains in clear language were to look for in the annual reports.

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I loved reading this book. It hooked me on the pages and made me craving for reading more. It's a highly technical manual, plenty of case studies and detailed information. Thanks to this book you can really embed the author's experience and shorten your learning journey. Absolutely suggested.

A must read for serious investors, many investors having desire of making quick and easy money are attracted to equities only to be dissappointed due to its high volatility. This book will easily help you understand accounting tricks used by companies to dupe investors and find high quality stocks, absolutely worth even though its expensive.

I have never heard about this book, until Amazon recommended it to me. It sounded interesting so I ordered it, and I’m overwhelmed by how good it is. If you make your investment decisions based on the data from financial reports, this book is a must read. It shows the reader how companies can make you believe wrong or overly optimistic things and also goes into very deep depth about some important yet mostly overlooked fundamentals, like inventory. It also shows you how you can see through the blur of accounting tricks and get a better and more complete picture of the real financial situation of a company. How is this not a classic that gets quoted in almost every newer investment book. If you’ve read The Intelligent Investor this book is the next step down the road…

Buscaba algo diferente respecto a muchos libros y con este lo he encontrado. Muy bueno!!