Saturday, 11 October 2014

Understand accounting allows you to understand how companies create value.

To better understand the wealth-producing advantages of the businesses, you have to understand accounting and the "vastly different" financial reporting characteristics of various businesses.

Accounting, just like eating spinach, may not be what you want, but it sure is good for you.  :-)

A little patience brings great rewards.  You can learn something important about each business and can also use your knowledge to understand how other companies create value.

You want to be informed, confident and loyal in your investing.

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