A Book Review

In Financial Intelligence, authors Karen Berman and Joe Knight present the essentials of finance in easy-to-read chapters that anyone can understand and put to use right away.

Written for business managers, but valuable for investors as well who want to understand what really goes into a company's financial statement. The authors not only teach you the fundamentals, but they also take you behind the scenes to show where the numbers come from.

Topics covered include: the basics of financial measurement; reading income statements, balance sheets, cash-flow statements, and more. The art of finance; separating hard data from assumptions and estimates; the mechanics of analysis; calculating ratios, return on investment, and working capital. Cash and profit and knowing the difference between them.

All in all, this book can definitely help you become a more confident and knowledgeable investor - provided that you are willing to make an effort to read it with understanding and then apply what you have learned!

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