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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: Lars who wrote (266)	1/28/1998 2:10:00 AM
From: HeyRainier	Respond to of 1720

[ Book Chat ] Lars (do you hold any of the LARS stock?), I'm currently reading Financial Accounting, by Harrison and Horngren, with the purpose of trying to discover the ways in which management can fudge earnings. If I know their tricks, I can be better armed to catch the next Boston Chicken/Market (BOST). If anyone knows of a financial accounting book that focuses on improper manipulation and case histories, I would be extremely interested. I had a recent post about my booklist: exchange2000.com I have removed the Beyond Technical Analysis text from the list, for I am more concerned now about being able to better understand to a deeper extent a company's fundamentals over the short term market swings. I have added to it a text that was recommended by Dave Horne, called Business Strategy and Security Analysis. The investment approach outlined in the text seems to follow the guidelines that Warren Buffett follows, though it does not seem to be a recognized "Buffett" book. From that list, I am planning on reading first numbers 4, 6, 8, 10, and I am currently on 11. As you can see, it's not in order. For my approach, I think a growth-only approach can cause me to get blindsided by focusing only on the next quarter's earnings, and in a parallel sense, a value-only approach might get me caught into a stock with poor economic fundamentals. I like to combine the two, and confirm my research with a touch of technical analysis. The tools are out there; why not use them all to my advantage? Regards, Rainier