THE INTERPRETATION OF FINANCIAL STATEMENTS (BY BENJAMIN GRAHAM)

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Fundamental analysis & value investing 101. This video presents the 5 greatest takeaways from Benjamin Graham’s classic, The Interpretation of Financial Statements.

Top 5 takeaways from Benjamin Graham’s The Interpretation of Financial Statements:
00:00 Intro
02:04 1. Understanding the Income Statement and the Balance Sheet
05:13 2. Industry Specifics
07:53 3. Watered Stocks
09:35 4. The Liquidation Value of a Firm
11:29 5. Expected Returns of the Quantitative Investor

TL;DW:

- Know thy income statement and balance sheet
- Ratios are useful when considering the fundamentals of a company, but beware. If the numbers are healthy or not depends on the industry.
- It’s quite common that stocks are “watered” to look like they perform better than they actually do
- If a stock is priced lower than its current book value, the intelligent investor should take a closer look. This, could be a great value investing opportunity
- To achieve maximum portfolio returns, the value investor should do both a quantitative and qualitative analysis of his stock market investments

My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.

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Personally I’ve read all of Graham’s books and I must say you do a great job summarizing his books

notactuallytaylor

8:59 Very interesting point. The more assets a company has, the more room for depreciation, which negatively effects net income. "It's the income statement that reveals the real value of assets, not their arbitrary figures in the balance sheet." - Benjamin Graham.

quinnrsligo

I like this dude he doesn’t play around with the subject like all these other Chanel he gets straight to the point and explains it clearly learned a lot here than any other Chanel

peterescarment

Gosh, you are a genius! I don't know how you manage to summarise 500 pages into 5 slides but you do this brilliantly! I find myself saving nearly each one of your videos for future reference. Absolutely great job, thank you so much!

annay

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explodingrage

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thefuturemindset

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rafaelmalate

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OurWorldofDanceSport

This just reaffirmed that I think in pictures. I struggle(d) with these ratios but watching your videos, completely made me understand these. (And I am really good at analysis). I don't even know how I made it out with a Finance degree lol! But I sure struggled (first option was Med....so...) Anyway. These are great. I am going to binge on all of them and will come out with a 'beware' sign. Game is on!

daughtaofthesoil

Your explanation (and use of images) made understanding this subject so much easier. Thank you.

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