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Interpretation of Financial Statements

By: Benjamin Graham C. McGolrick
Binding: Hardcover
Publisher: Harper & Row.
ISBN: 0060324902
ISBN-13: 9780060324902
Released: 02 Dec 1964
RRP: £2.70
Average Rating:

Customer Reviews

simple and easy to understand - By: Mr. M. Shanker, 30 Oct 2006
This book is very much for beginners & 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 smalll book. The other excellent book is the intelligent investor & 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.
Rather outdated... - By: Bas Röling, 07 Jul 2003
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 & 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financial statements is given, but, as this book is from 1964 (and the first print even older), this overview is rather outdated.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 & regulations have changed & 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.
Why'd Didn't They Republish the 3rd Edition? - By: , 30 Jun 1999
Why they republished this edition when they might have republished the Second Revised Edition (by Graham & Charles McGolrick, originallly published in 1964) beats me. The latter is unquestionably better,as it is more current, & contains more tips. Yet even the 1964 edition is pretty dated (there is no discussion of cash flow statement interpretation, for example, although Graham allludes to cashflow somewhat disparagingly in this later edition). One might argue that there is value in going back to the 1st edition of this smalll volume as one might go back to the 1st edition of Security Analysis. There are indeed nuggets in the 1st edition of Security Analysis which have been mysteriously removed from later editions. But that isn't true with The Interpretation of Financial Statements. If you can find a copy of the 1964 edition of this book, you will likely find it more useful than the original.