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The Signs Were There: The clues for investors that a company is heading for a fall - Softcover

 
9781788160810: The Signs Were There: The clues for investors that a company is heading for a fall

Synopsis

When companies suffer a dramatic even catastrophic drop in their share price, it is the investors who lose their shirts and employees their jobs. But often, a company's published accounts offer clues to impending disaster, providing you know where to look.

Through the forensic examination of more than 20 recent stock market disasters, Tim Steer reveals how companies hide or disguise worrying facts about the robustness of their business. In his lively style, he looks at the themes that underlie the ways companies hide the truth and he stresses that in an assessment of a company's accounts, investors should always bear in mind that the only fact is cash; everything else - profit, assets, etc - is a matter of opinion. Full of invaluable lessons for investors, the book concludes with some trenchant observations on what is wrong in the worlds of investment, audit and financial regulation, and what changes should be introduced.

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Review

[The] best book I have ever read about accounting. (Telegraph)

A lot of useful hints and tips. Highly recommended (Money Week)

Book Description

The stories, scandals and crucial insights behind stock market disasters - and how to avoid them

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  • PublisherProfile Books
  • Publication date2019
  • ISBN 10 1788160819
  • ISBN 13 9781788160810
  • BindingPaperback
  • Number of pages336

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