The Interpretation of Financial Statements

Graham, Benjamin
McGolrick, Charles

Original publication date: 1955 A revision of the book by Benjamin Graham and Spencer B. Meredith first published in 1937
Original publisher: New York: Harper & Brothers Publishers
Publication status: Out of print

This little book enables an intelligent investor to understand corporate financial reports—if they have been honestly stated. When a corporate financial statement seems incomprehensible or unanalyzable after applying Graham’s book, then it is reasonable to assume that what is being analyzed is an example of accounting dishonesty. Until the middle 1990s there were many corporate financial statements that could be comprehended. After that time there seemed very few, and those few did not meet Graham’s standards of proper valuation for investment with a reasonable margin of safety.

File size: 406 kB


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