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Subject:  Re: An Introduction Date:  5/16/2015  12:27 PM
Author:  okapimoon Number:  20 of 571

By the way, for anybody who wants to get some basic knowledge of how to read the financial statements, there's a really easy book called Warren Buffet and the Interpretation of Financial Statements that provides a very gentle introduction to the different kinds of statements you'll see (Income Statement, Balance Sheet, Cash Flow Statement) and what the various items on it actually mean in plain english.

I actually took "Basic Accounting 1" at college level and had to study and do many (and I don't say that lightly!) (notice bold) exercises with both Income Statement and Balance Sheet (but not Cash Flow, that was reserved for Accounting 2) and I actually got an A in the class. But still, never quite pulled it altogether to bring into working process to analyze my own investments.

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