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What's Behind the Numbers A Guide to Exposing Financial Chicanery and Avoiding Huge Losses in Your Portfolio [Audiobook]
First, the authors explain the practical side of financial analysis. They demystify widely held assumptions about stock performance, expected returns, earnings quality, and short sellers. Then they comb the financial statements to find the places where companies hide poor earnings quality. Finally, they provide the value and special situations investing to pair with the short-side thinking and offer a tactical manual for applying what you've learned in the technical, day-to-day world of portfolio management. Armed with this wealth-saving guide, you can confidently trade based on clear data-not the aggressive accounting tactics companies use to make their numbers look better than they are. The next time a company goes south, you can be the successful investor who knew What's Behind the Numbers?