13 of 13 people found the following review helpful:
1.0 out of 5 stars
Not What You Expect, November 26, 2003
By A Customer
This review is from: Reading between the Lies: How to detect fraud and avoid becoming a victim of Wall Street's next scandal. (Hardcover)
Only one of the 12 chapters is devoted to techniques for analyzing financial statements for possible fraud and that chapter is rather incomplete and superficial,simply discussing a few commonly used ratios that are probably already familiar to most readers interested in books of this type. The discussion of financial statement footnotes is particulary brief and lacking in description of what to look for. The other 11 chapters just give background material on corporate fraud and governance, conficts of interest at brokerage houses, etc. The author clearly is not an expert at reading financial statements and at one point even suggests incorporating technical analysis (stock price chart reading)into investment decisions. Pathetic. Readers should ignore this book and get Financial Fine Print by Michelle Leder instead.
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5.0 out of 5 stars
This is a great book!, January 14, 2007
This review is from: Reading between the Lies: How to detect fraud and avoid becoming a victim of Wall Street's next scandal. (Hardcover)
I don't see anything wrong with this book. He sticks to the basics and that is all you need. Ok for the new investor or someone new to accounting.
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