#862 in Business & money books
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Reddit mentions of Financial Statement Analysis and Security Valuation
Sentiment score: 3
Reddit mentions: 4
We found 4 Reddit mentions of Financial Statement Analysis and Security Valuation. Here are the top ones.
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- Valuation is at the heart of investing. A considerable part of the information for valuation is in the financial statements. Financial Statement Analysis and Security Valuation, 5 e by Stephen Penman shows students how to extract information from financial statements and use that data to value firms. The 5th edition shows how to handle the accounting in financial statements and use the financial statements as a lens to view a business and assess the value it generates.
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About 3 years ago I just started reading about business and found myself drawn to value investing. I have a regular 9-5 that doesn't have anything to do with finance, so I would just spend maybe an hour a weekday on it, and 2-3hours/day on the weekends. Just have to keep at it and work on things you aren't comfortable with.
I keep a good list of resources here, and I would also really highlight:
Hope this helps
https://www.amazon.com/gp/aw/d/0078025311/ref=mp_s_a_1_2?ie=UTF8&qid=1481139916&sr=8-2&pi=SY200_QL40&keywords=Stephen+penman&dpPl=1&dpID=51qgSXra6oL&ref=plSrch
Good reading.
http://www.amazon.com/gp/aw/d/0078025311/ref=mp_s_a_1_1?qid=1462508320&sr=8-1&pi=AC_SX236_SY340_FMwebp_QL65&keywords=Stephen+penman
Financial Statement Analysis and Security Valuation is the go to accounting book for valuation.
In consideration of your 3 points, however, I would encourage you to skip the financial narratives (as they are time sinks) and go straight to the investing concepts. Read The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success as a start; then if you feel that's the kind of thing you're looking for, feel free to ask for more recommendations.
As for the intuition behind the methods, you really just have to think a lot about WHY things are the way they are, and not just HOW. Just read widely and keep at it, it's not going to happen overnight but knowledge compounds and you'll eventually get there. The fact that you're even asking this question would make me consider you for an interview if I was in a hiring position.