Financial Self-Defense for Investors
An old adage says ''numbers don't lie.'' But how do you know if they do lie? How is an investor supposed to know when a company is misleading its shareholders with false financial statements? Financial Self-Defense for Investors outlines the manipulations and shenanigans embedded within financial information, from annual reports to investor prospectuses. Investors need to know what the tricks and sleights of hand are or could be. This highly readable book explains how companies alter their financial statements and the other practices used to pull one over on shareholders. The book is a primer for investors in the tradition of Confessions of an Advertising Man. It will appeal to both novice investors and seasoned professionals. Industry practitioners will nod in appreciation as they recognize some of the grey-area techniques used to manipulate information with timing and spin. Professional fraudsters may regret this publication. It also contains a financial sucker test that identifies individual gullibility as a lead-in to financial disaster. You cannot afford to miss this book.
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able allow announcements annual aware Billy Crystal Boiler Room brokerage brokers buy-side buy-side analyst Chapter chat rooms clients company's cone of silence conference calls corporate communications critical dealer decision develop disclosure dissemination dynamic e-mail alerts earnings EBITDA electronic ence ethical fees finan financial media Financial Self-Defense forward-looking statements frequently full text headline hold industry institutional interest Internet INVESTMENT BANKING investor relations investor-relations officer issue listen listen-only mode look marquee material ment mind space monitor newsletter pany play position potential PowerPoint practitioners press release price movement professional publicly traded companies quarterly question quiet period Reg FD regulators regulatory responsibility retail investors rumors safe harbor clause Saint Peter scam sell stocks sell-side analysts senior officers shareholders someone staff stock brokers stock price stock valuation story sucker factor TAKEAWAY tion understand usually webcast worry
Page 5 - Mine eyes shall be upon the faithful of the land, that they may dwell with me : he that walketh in a perfect way, he shall serve me. 7 He that worketh deceit shall not dwell within my house : he that telleth lies shall not tarry in my sight.