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Strategies & Market Trends : Value Investing
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To: Freedom Fighter who wrote (14249)4/4/2002 2:29:28 PM
From: Bob Rudd  Read Replies (2) of 78697
 
Wayne: Thanks for posting the article. There's a new book on creative accounting: 'The Financial Numbers Game: Detecting Creative Accounting Practices,' by Charles W. Mulford, Eugene E. Comiskey
I picked up a copy at Buy.com for <$30 landed. While it's dry and somewhat repetitive, I'm finding it useful.
One insight is the extent that financial statements are a collection of judgements and estimates. As Munger indicates, there's a lot of wiggle room.
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