2024-11-01
1 小时 6 分钟You're listening to tip.
Many investors who analyze stocks take the numbers provided by the company at face value.
But there are times when this can be a massive investing mistake.
To help shed light on what the earnings provided by a company really means for us as investors, I picked up this book called Quality of Earnings by Thornton Oglove.
Thornton is a Wall street veteran known for pioneering red flag deviation analysis.
This book is an indispensable guide to determining how much money a company is really making.
To help us avoid making costly blunders.
During this episode, we'll cover why you shouldn't trust your analyst or auditors what to keep an eye on when reading an annual report Red flags to look out for when analyzing a company's filings how managers and accountants can legally manipulate earnings per share however they see fit the impact of dividends on your returns as an investor and much more.
Increasing my understanding of accounting is a skillset I've long wanted to fine tune, and this book is certainly a step in the right direction.
So with that, let's dive right into today's episode covering Quality of Earnings by Thornton Oglove.
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Now for your host, Clay Fink.
Hey everybody, welcome to the Investors Podcast.
I'm your host Clay Fink.
On today's episode I'll be covering this book called Quality of Earnings by Thornton Oglove the Investor's Guide to How Much Money a Company is Really Making.
This book was published back in 1998 and it might seem a bit outdated, but I've seen it recommended a number of times and I just recently had lunch with Chris Mayer and I had asked him for some book recommendations related to accounting and this is one of the books that he mentioned to me there.
I'll also just provide a brief disclaimer here that some of the accounting references that are made during this episode may be a bit outdated since the book was written over 25 years ago.
So please take that into consideration as I'm not a trained accountant and don't have a CPA license.