With all the TONS of information out there, you’d think someone would be saying something comprehensible about the stock market! Yes, a few of them do, but it often seems like they are spouting details to me in secret code, intending to be helpful, but sending my brain into a cascading meltdown. Then there is Mariusz Skonieczny.
His 113 page book arrived today and I read it this evening. It is called The Basics of Understanding Financial Statements: Learn how to read financial statements by understanding the balance sheet, the income statement, and the cash flow statement
I have observed two of our children take basic college level accounting courses this past year. I think Mr. Skonieczny could teach the courses in a day with his careful and straightforward manner. He takes the tedium out of it by making it meaningful and rational. If you manage your own checkbook, and can understand basic fractions, you can understand his presentation. It will put a smile on your investing face.
Your new book sounds like a useful addition to your library. I’ll consider you to be my “Go To” resource the next time I’m experiencing financial-statement mental block. The thing that has always frustrated me with financial statements is that conceptually they are simple but in practice I find them routinely playing fast and loose with line-item nomenclature.
Dad, I think he may actually explain some of that. I remembered you mentioning that and so it was on my mind when reading. I can let you borrow the book. Like I said, it’s only 113 pages. Since you already have a good grasp of the subject, it should be an even faster read for you.
good post..found this video helpful –
https://www.youtube.com/watch?v=ZtQKrPBz3XA