Quality of Earnings

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.

The book provides framework for analyzing quality of corporate earnings. The author, Thornton L. O'Glove has explained various tools for analyzing corporate earnings reports, both annual and quarterlies. The topics covered include Shareholder Letter, Differential Disclosures, Non-operating and Non-recurring Income, Declining and Increasing Expenses, Shareholder Reporting and Tax Reporting, Key Ratios for Accounts Receivables and Inventories, Debt and Cash Flow Analysis, Understanding Accounting changes and Restructuring. There are numerous practical examples explaining the concepts. Some of these are in the nature of brief case studies. The book is a bit dated as it was published in 1987. But the framework and tools provided are equally useful at present. All painstaking investors will find the book extremely useful and will be able to apply the techniques explained therein in their investment journey.

Superb book with loads of wisdom on how to avoid pitfalls while investing. Higy recommended for middle to higher level investors.

very good book

It's an amazing book. A must read.

A very good book to understand how the financial statements may be manipulated .

Paper quality of the above book is not good at the above price .printing and font size ok .recd the book in paper en olope no protection provided to guard against transit damage . Is it possible to get replacement with good quality paper .Note please mention the paper quality along with price for taking informed decision and to avoid unnecessary return of books and also wastage of time ,effort Regards

Author was even negative on Apple's stock in 80s. Certainly, he didn't have the right vision and was grossly wrong! He is proposing too much caution which may inhibit you to buy any stock at all.

Well , this is truly a good book of investing and corporate analysis. The chapter of inventories is especially useful. It contains a good guide about tax advantage, depreciation and how companies use it to report, and types of income. It is easy to understand if You have some background on accounting. I took a Star because it is outdated, but maybe 85% of the book is still useful

O ebook para compra não está disponível. Por qual motivo?

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.

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!!