Anyone ever read "Analysis of Financial Statements" by Bernstein and Wild?? | TigerDroppings.com

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K9
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wayx
Member since Sep 2012
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Anyone ever read "Analysis of Financial Statements" by Bernstein and Wild??


Trying to get into stocks and I have no background in business. A lot of people have suggested that this book is a good place to start. Would the money board agree? I've read the first chapter and they lay it out in a really easy to follow format, so I'm hoping it will help.

I guess I'm also wondering if financial statements are that big of a factor in investing?.....feel like this may be pretty obvious, but I am a noob so go easy on me.








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southernelite
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Member since Sep 2009
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re: Anyone ever read "Analysis of Financial Statements" by Bernstein and Wild??


quote:

guess I'm also wondering if financial statements are that big of a factor in investing?.




Sorry for laughing. Financial statements are vital. It'll tell you the financial position of he company, what they're holding assets/liabilities, what they're spending their money on....

Unless you're investing on techinal charts, then it important to understand financial statements.



This post was edited on 12/26 at 7:03 pm


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LSU0358
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re: Anyone ever read "Analysis of Financial Statements" by Bernstein and Wild??


Even if one does use technical charts, financial statements can provide valuable information.





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K9
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wayx
Member since Sep 2012
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re: Anyone ever read "Analysis of Financial Statements" by Bernstein and Wild??


quote:

Sorry for laughing.


no need to be sorry...like I said, I'm a total n00b

do you think a book could explain them in total or would it take a while to get the hang of it?






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foshizzle
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re: Anyone ever read "Analysis of Financial Statements" by Bernstein and Wild??


quote:

Financial statements are vital. It'll tell you the financial position of he company, what they're holding assets/liabilities, what they're spending their money on....


Yes, but only for stocks that aren't already well-followed by analysts to start with. Don't bother trying to study Ford or Citibank, the market price is already better than anything you'll come up with in your spare time.

Some thinly-traded stock out there ... maybe. And even then if you see something ask yourself why the market might be right anyway.






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southernelite
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re: Anyone ever read "Analysis of Financial Statements" by Bernstein and Wild??


Ive never read the book, so I'm not sure, but its going to take a while to the hang. And even then, the more in depth you want to go, the more there will be for you to learn.

The basics, what statement says what, and some key ratios and what they mean probably won't be all too difficult.

When you get into decomposing ratios, interlinking the statements, and the accounting work behind compiling the statements, then you're really talking about a lot of work.






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K9
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wayx
Member since Sep 2012
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re: Anyone ever read "Analysis of Financial Statements" by Bernstein and Wild??


quote:

The basics, what statement says what, and some key ratios and what they mean probably won't be all too difficult.

When you get into decomposing ratios, interlinking the statements, and the accounting work behind compiling the statements, then you're really talking about a lot of work.


cool. I'm not trying to get too deep I dont think. I just want to know enough to make smart decisions with my money.



This post was edited on 12/26 at 9:49 pm


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RebelExpress38
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re: Anyone ever read "Analysis of Financial Statements" by Bernstein and Wild??


It's always suggested but I think reading "The intelligent investor" by Benjamin graham is the ultimate starting point. Probably should read it twice.

He also has a book called "the interpretation of financial statements" I haven't read it but I am going to read it before I get out of school.






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K9
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wayx
Member since Sep 2012
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re: Anyone ever read "Analysis of Financial Statements" by Bernstein and Wild??




thanks for the recommendations....i'll check that book out for sure.






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