Praise for Financial Statement Analysis

A Practitioner′s Guide

Third Edition

University Edition

"This is an illuminating and insightful tour of financial statements, how they can be used to inform, how they can be used to mislead, and how they can be used to analyze the financial health of a company."

–Professor Jay O. Light

Harvard Business School

"Financial Statement Analysis should be required reading for anyone who puts a dime to work in the securities markets or recommends that others do the same."

–Jack L. Rivkin

Executive Vice President (retired)

Citigroup Investments

"Fridson and Alvarez provide a valuable practical guide for understanding, interpreting, and critically assessing financial reports put out by firms. Their discussion of profits–′quality of earnings′–is particularly insightful given the recent spate of reporting problems encountered by firms. I highly recommend their book to anyone interested in getting behind the numbers as a means of predicting future profits and stock prices."

–Paul Brown

Chair–Department of Accounting

Leonard N. Stern School of Business, NYU

"Let this book assist in financial awareness and transparency and higher standards of reporting, and accountability to all stakeholders."

–Patricia A. Small

Treasurer Emeritus, University of California

Partner, KCM Investment Advisors

"This book is a polished gem covering the analysis of financial statements. It is thorough, skeptical, and extremely practical in its review."

–Daniel J. Fuss

Vice Chairman

Loomis, Sayles & Company, LP

馬丁·弗裏德森，美林公司的董事，全美機構投資者固定收益研究小組成員。其他著作包括《如何變成億萬富翁》（How to Be a Billionaire）和《投資錯覺》（Investment Illusions）。他是投資管理與研究協會的前任總監。

費爾南多·阿爾瓦雷斯，紐約大學商學院伯剋利創新研究中心副教授。目前主要研究領域為營運資本現金流管理。現金流結構以及創業企業資本來源和運用。其研究獲麥剋阿瑟基金、考夫曼基金、美國波士頓信托和富國銀行的贊助。