Learn how to detect any corporate sleight of hand—and gain the upper hand with smart investing
Investing expert John Del Vecchio and “Motley Fool” Tom Jacobs offer a compelling arguement that the secret to stock-market success today isn’t finding the next Google or eBay, but avoiding the next AIG or Enron. To that end, they offer simple, clear techniques for detecting when and how legitimate companies make their numbers look better than they are.
What's Behind the Numbers? offers seven rules for finding companies playing with—rather than by—the numbers and explains how to avoid losing money by determining exactly when a stock is about to head south.
John Del Vecchio, CFA, serves as a Principal of Ranger Alternative Management and principal of Parabolix Research, Inc.
Tom Jacobs is an investment advisor and portfolio manager with Echelon Investment Management in Dallas. He applies this book's earnings quality tests to value investing for clients.
About John Del VecchioSee more books from this Author
The overriding message is study, study and study the numbers some more but always with this understanding: “Every financial statement offers the opportunity for manipulation, because they all interrelate.” A highly useful companion to making financial decisions, though not for the innumerate or...Nov 06 2012 | Read Full Review of What's Behind the Numbers?: A...
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