The Interpretation of Financial Statements: The Classic 1937 Edition Hardcover – 6 May 1998

Good

Another great book by Benjamin Graham!

People involved in the governance of voluntary and charitable organisations often come into the role from other than financial management disciplines. This classic reference book helps with understanding financial statements in an increasingly regulated environment demanding clear understanding and accountability.

This book is very much for beginners and explains everything that you need to analyse a financial statement in very simple terms. It is a very good buy for novices though a bit expensive for such a small book. The other excellent book is the intelligent investor and security analysis. Be warned that the security analysis is very heavy reading!!!! I throughly recommend this book for people to understand how to interpret a finacial statement- it does what it says on the cover as such.

This is a very short book on how to analyze financial statements. It is written in simple English that most people can understand. Because it was written in the `30s, it should not be the only book that investors read on financial statements, but it should definitely be one of many. Warren Buffett learned a lot from Benjamin Graham and so can you.- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

is okay

I read this book because I'm interested in Graham's value investing approach. However, this approach is not discussed in this book. A brief and very basic introduction to financial statements is given, but, as this book is from 1964 (and the first print even older), this overview is rather outdated. Rules and regulations have changed and the environment too (in the book railroad companies are often used as example). Read the other books of Graham if you want to know more about value investing, but to study financial statements I would recommend picking an other book.