Financial Statement Analysis: A Practitioner's Guide - Rilegato

Fridson, Martin; Alvarez, Fernando

Rilegato

ISBN 10: 0470635606 ISBN 13: 9780470635605

Casa editrice: John Wiley & Sons Inc, 2011

Riassunto

Praise for Financial Statement Analysis FOURTHEDITION

"I love this book. It helps to develop the questioningmind—the mind of a financial detective. It teaches the art ofskepticism and critical thinking. Readers go beyond definition andcalculation and learn interpretation."
—Philip L. Cooley, PhD, Prassel DistinguishedProfessor of Business, Trinity University

"Over my decades of involvement with high-yield bonds, MartyFridson has been the leading speaker of truth. As he so accuratelystates in Financial Statement Analysis, the credit investoris required to engage in a game of cat-and-mouse with companymanagement's intent on minimizing their cost of capital by puttinga positive gloss on their financial statements. The Fourth Editionof Marty's terrific book is the bible on how to detect and dealwith these efforts."
—Howard Marks, Chairman, Oaktree CapitalManagement

"Financial Statement Analysis is a unique text; itcombines great academic work with numerous real-life examples toform a highly useful reference for equity investors, debt holders,and investors who straddle both asset classes. Whether you are aninvestor, an investment advisor, or a teacher, Financial StatementAnalysis will prove very valuable."
—Margaret M. Cannella, former head of Global CreditResearch, J.P. Morgan and Adjunct Professor, Columbia BusinessSchool

"Marty has seen it all! He has had a front-row seat to see thebirth, death, and rebirth of the high-yield bond market . . .several times over! In the Fourth Edition of Financial StatementAnalysis, Marty clearly demonstrates that despite the enactmentof Sarbanes-Oxley in 2002, and other attempts to curtail abuse ofthe system, one needs a critical analytical eye to be certain thatmanagement is not trying to obfuscate the truth. The case studiesprovide excellent and timely examples of some of the techniquesthat companies have used to mislead investors."
—Edward Z. Emmer, former global head of Corporate andGovernment Ratings and Equity Research, Standard & Poor's

"Those who read financial statements without understanding thestrategic context in which they are written will land on the losingend of the gripping episodes with which bond-market legend MartyFridson illustrates in the Fourth Edition of his classic reference,Financial Statement Analysis. And all of us who depend onthe markets sending capital to its best use should hope thatinvestors read this book first."
—David Musto, Professor of Finance, the Wharton Schoolof the University of Pennsylvania

"This book rightly urges resolute skepticism when inspectingfinancial statements. Its great value, though, is in theplain-spoken stripping down of real-world and illustrative examplesthat show how to see past the numbers to the practicalities andincentives behind them—and so help analysts and journalistsalike ask the right questions."
—Richard Beales, Assistant Editor, ReutersBreakingviews

Su questo libro

Recensione:

" Financial Statement Analysis: A Practitioner′s Guide is a well–organized, thorough exploration of the challenges facing practitioners who rely on financial statements to make investment and lending decisions. Reference books about accounting, while valuable for their insights, are seldom this enjoyable to read. This book is different because the authors seamlessly integrate fascinating real–life examples and instructive fictional scenarios into each chapter to illustrate their points. For anyone with a passing interest in the subject, or for new analysts learning the trade, F inancial Statement Analysis is an amazing resource."
Christopher Shayne, CFA, Director of Product Operations for Enterprise Risk Solutions at Moody′s Analytics

"Any book that reaches its 4th edition (updated to 2011) should be good. That′s true in spades for Financial Statement Analysis. Fridson and Alvarez have written a classic. It should be required reading and a constant reference source on the bookshelf of any investor intending to buy individual company stocks or bonds."
Canadian Financial DIY blog

"In the 1990s, Benjamin Graham′s Security Analysis served as [Value Partners ] reference book, but since then they have been using Martin Fridson′s Financial Statement Analysis: A Practioner′s Guide."
excerpt from The Value Investors: Lessons from the World′s Top Fund Managers by Ronald Chan, Bruce C. N. Greenwald (Foreword)

L'autore:

MARTIN FRIDSON is Global Credit Strategist at BNP ParibasInvestment Partners, one of the world's largest asset managers.Over a twenty-five-year span with brokerage firms including SalomonBrothers, Morgan Stanley, and Merrill Lynch, he became known forhis innovative work in credit analysis and investment strategy.Fridson has served as president of the Fixed Income AnalystsSociety, governor of the Association for Investment Management andResearch (now CFA Institute), and director of the New York Societyof Security Analysts.

FERNANDO ALVAREZ is currently an Adjunct AssociateProfessor of Finance and Economics at the Columbia UniversityGraduate Business School, where he teaches entrepreneurshipfinance. From 2003 until 2008, he was associate professor in theFinance and Economics Department and director of entrepreneurshipprograms at Rutgers Business School, Newark and New Brunswick.Alvarez has taught at New York University's Stern School ofBusiness where he was associate professor on innovation andentrepreneurship, and Babson College where he was assistantprofessor of finance.

Su questa edizione

• Editore: John Wiley & Sons Inc
• Data di pubblicazione: 2011
• ISBN 10: 0470635606
• ISBN 13: 9780470635605
• Rilegatura: Copertina rigida
• Numero edizione: 4
• Numero di pagine: 378