Accordingly, the book is nice to read. The bookstore Popular is offering discount now and it cost around rm7X. normal price RM89
here is a link to the book at amazon
As i glanced through the table of contents, it covers a lot of financial statements (means look at the account) and it does looks to be comprehensive. Indeed, i have had a book by Morningstar which touches the same topic. Reading the accounts give you a sword at least at avoiding companies which less sound fundamental. For example, i avoided Megan Media (which was popular on local forum few years back but subsequently gets suspended due to account fraud) partly due to observing its accounts that the debt is increasing in higher pace than revenue and a doubtful manipulation of ratio such as ROE through accounting means.
No comments:
Post a Comment